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Council questions revenue trends, permits and water impact fund as staff says reserves will cover shortfalls
Summary
Council discussed sales‑tax timing, permit slowdowns and restricted water impact funds; staff said sales tax was slightly behind, permitting slowed but commercial permits remain active, and water impact fees total about $2.2 million restricted to water projects.
During the May 5 meeting council members asked city finance and development staff about revenue trends and reserves. The exchange covered sales tax timing, permit activity and the status of the water impact fund.
When asked whether sales tax receipts indicated a downturn, staff said the city was "about 45 days behind" in receipts and at about 47% of the year’s budgeted target versus the 50% pacing…
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