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Montgomery mayor reports modest tax growth, projects nearly $2.8 million revenue surplus and larger reserves
Summary
City fiscal officials told the Montgomery City Council that year‑over‑year sales and use tax growth is modest, lodging and gasoline taxes are volatile, and overall revenues are projecting about $2.8 million over budget through February 2025, with reserves expected to grow by roughly $2.75–$3.0 million.
Mayor and finance staff told the Montgomery City Council on the evening meeting that sales and use tax collections are roughly even with the previous fiscal year and that year‑over‑year growth is about 1 percent.
The mayor said several factors are weighing on sales revenue, including pressure on household budgets and rising prices. Lodging tax collections were described as down in February though year‑over‑year comparisons showed some positive growth; gasoline tax receipts fell in February after strong January receipts. The mayor noted that recent council legislation to increase the…
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