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Sales tax receipts climb; finance staff projects EFID fund to remain above $4 million for three years
Summary
Finance staff reported a 6.89% increase in the final month and 3.2% growth for the fiscal year, with a noted 4.4% annual trend and a conservative 2% growth assumption budgeted for 2025-26.
Finance staff told the Finance and Audit Committee July 8 that local sales-tax collections showed growth and that projections keep the Economic/Enterprise Fund (EFID) balance above a $4 million threshold for several years at current levels.
"For our final month of the year, the EFID was up 6.89%. So for the year, we were up 3.2%," said Mr. McNeely, the staff presenter. He told members the system is…
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