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Fayetteville reports modest sales-tax gains; building permit revenue plunges in February
Summary
CFO Stephen Dotson told the Fayetteville City Council that January sales-tax receipts (collected in February) rose about 4.7% combined city-and-county year over year, while February monthly figures showed a 52% drop in building-permit revenue that offset other gains.
Stephen Dotson, Fayetteville’s chief financial officer, told the City Council on April 1 that the city’s January 2025 sales-tax receipts (collected in February) produced mixed results: city sales tax was up about 1.95% from January 2024 while the county share to the city rose roughly 8.34%, producing a combined month increase of about 4.74% and a year‑to‑date combined increase of roughly 6.7%.
Dotson said the General Fund’s January receipts were about $180,000 (5.5%) higher than the same month last year and up about 7.3% year to date. Compared with the January budget, city sales tax was about 1% under budget while the county portion was about 5.19% over budget, producing a combined monthly variance of about 1.69% above budget. “When looking at the sales tax numbers…
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