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Fulton reports sales tax dip and large rise in use tax; council approves financial statement
Summary
CFO Dustin Doherty reported a 2.4% decline in recorded sales tax for February 2025 and a 42.3% increase in use tax; council approved the March financial statement after questions about TDD timelines, sewer expense adjustments and golf-course seasonality.
Dustin Doherty, the City of Fulton’s chief financial officer, presented the March financial statement and reported that the city’s recorded sales tax collections for February 2025 were down 2.4% year over year while use tax collections were up 42.3%.
Council members asked several follow-up questions. A council member asked about the South Business 54 TIF/TDD and when it ends; a staff member said they believed the district obligations conclude in 2028 and offered to confirm. Members also queried a non-operating sewer expense shown as a negative amount; Doherty said the number likely reflected an audit adjustment between fiscal years and that he would research and report back.
Council members discussed the golf course’s year-to-date net revenue showing a negative (seasonal) figure; staff noted seasonality and that the pro shop had likely purchased more inventory earlier in the year and that chemicals and merchandise costs contributed to the variance.
After discussion, a council member moved and the council approved the March financial statement by voice vote.
The presentation and questions were handled publicly; staff committed to follow up on the TDD end date and the sewer adjustment.
