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Council hears FY25 financial status report through December 2024; sales tax above budget
Summary
City finance staff reported a strong first half of FY25 with local sales tax collections about $3.5 million above budget through December 2024 and vacancy savings in personnel; services expenditures trailed budget largely for timing reasons.
City finance staff presented the FY25 midyear financial status report for the period July–December 2024 at the March 18 Surprise City Council meeting. The presentation showed stronger-than-expected local sales tax receipts and timing-driven underspending in several service categories.
According to the presentation, local sales tax revenue was roughly $3.5 million over budget for the reported period. Staff…
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