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Finance staff reports general fund revenues tracking above expectations; property tax nearly fully collected
Summary
Finance staff reported property‑tax receipts at about 99% of expectations, sales tax trending higher with a projected year‑end estimate near $59 million, and total realized general‑fund revenues of roughly $97 million of a $122 million estimate.
Finance staff provided a year‑to‑date revenue update to the City Council, reporting that major general‑fund revenue sources are tracking at or above expectations and that audit‑related work to catch up prior years continues.
The presenter said property‑tax collections are essentially complete for the year and are at about 99% of expectations. On sales tax the presenter said the administration’s updated forecasting…
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