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EDC reports 5% sales-tax growth; expansion spending below budget target
5393569 · July 16, 2025
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Summary
EDC staff reported a 5% year-over-year sales-tax increase and noted that expansion expenditures are at 57% of budget versus a projected 75% at this point in the fiscal year.
EDC staff reported that sales-tax revenues are up about 5% year over year and are roughly in line with the current budget projections. During the financial report, the EDC—s finance staff said sales taxes are showing a 5% increase "which…
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