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Santa Fe EDC reports stronger-than-expected sales tax, projects $3.79 million year-end fund balance
3050374 · January 29, 2025
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Summary
The Santa Fe Economic Development Corporation received its December 2024 finance report showing a positive net revenue position, sales tax receipts up 7.7% year over year and an estimated fund balance of $3,786,794; board members said year-end closeout figures will be finalized next month.
The Santa Fe Economic Development Corporation on Jan. 28 received a December 2024 finance report showing a net revenue over expenses of $4,211 and an estimated fund balance of $3,786,794.
Rudy O'Neil, speaking to the board during the monthly finance report, said sales-tax…
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