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Kingston finance director warns sales-tax volatility could strain 2026 budget
Summary
The City Controller told the Finance and Audit Committee on May 2025 that monthly sales-tax receipts swung sharply early this year and that the city’s general fund balance dipped after planned withdrawals last year.
The City Controller told the Finance and Audit Committee on May 2025 that monthly sales-tax receipts swung sharply early this year and that the city’s general fund balance dipped after planned withdrawals last year.
“February’s down almost 23%. March was up 12.64% over the prior year,” the Controller said, illustrating the month-to-month volatility that leaves the 2025 sales-tax budget at risk. He added that year-to-date the city was “down 4%...we’re down $200,000.”
The Controller said the city…
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