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Provo budget office outlines FY26 calendar and early revenue outlook; sales tax growth lags
Summary
Budget staff told the council the FY26 calendar is on track but warned sales tax projections are lower than last year, showing pressure on general fund revenues; staff outlined changes to transfers, proposed debt service fund accounting shifts and enterprise fund revenue composition.
Kelsey Zarrbuck, Provo Budget Officer, presented the Fiscal Year 2026 budget calendar to the City Council and said key deliverables are on schedule, including delivery of the five‑year Capital Improvement Plan by the March 1 city‑code deadline and department budget presentations beginning March 11.
John Borgett, Director of Administrative Services, gave preliminary revenue projections and said the city’s general fund remains heavily dependent on sales tax (about 39%). He told the council that early estimates show sales tax revenue budgeted slightly lower for FY26 than FY25, reflecting softer statewide sales tax collections and uncertainty around state economic projections.
Borgett highlighted two…
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