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Finance committee: sales tax keeps pace; February shows operating loss before property tax
Summary
Finance staff presented the Des Moines general fund report for February 2025, saying sales-tax receipts were about $14,000 below budgeted expectations while year-to-date operating revenues were roughly $75,000 over budget.
Finance staff presented the Des Moines general fund report for February 2025, saying the city’s sales-tax receipts through February were “only under budgeted expectations by about $14,000” and that year-to-date operating revenues were “a little over $75,000, over budget.”
The staff presentation said business-and-occupation (B&O) tax receipts were about $138,000 above budgeted expectations and business-license receipts about $29,000 above budget. Charges for services showed only $15 year-to-date on one line because Sound Transit payments are received quarterly and new services such as notary and passport processing have not yet started, the…
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