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City finance director flags retail sales-tax softness; council hears potential pressure on capital projects
Summary
Kristen reported a modest revenue increase over 2024 but noted total revenues remain below budget and urged attention to retail sales tax — down about 5% — and to construction sales tax volatility that could pressure capital funding if used to preserve operations.
Kristen (finance staff) presented the city’s February financial report and told council that overall general-fund revenue is up from the same period in 2024 but remains slightly below budget at this early point in the year.
She said total sales tax is up about 2% from last year but still below budget; the retail portion of sales tax — roughly half of total sales-tax collections — is down about 5%, and that trend warrants attention…
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