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Santa Fe EDC reports $527,704 net revenue through April; sales tax up 16.4% year over year in May
3619771 · May 27, 2025
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Summary
The EDC reported a net revenue over expenses of $527,704 through April and said May sales tax receipts were up 16.4% from the same month last year and 19.5% year-to-date, placing projections about 7.6% above budget.
The Santa Fe Economic Development Corporation received a finance update at its May 27 meeting: through April, the EDC reported $527,704 in net revenue over expenses and an overall EDC fund balance at 4.31 (figure as presented in the packet). Devin, executive director, said May 2025 sales taxes were up 16.4% compared with the…
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