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Graham staff reports sales-tax dip; council adopts midyear budget amendment and approves monthly financials
Summary
City staff presented a sales-tax report showing a year-over-year decline and forecasted a lower revenue range; council adopted Ordinance No. 1193 to amend the FY2024–25 budget, approved monthly financial reports and scheduled an FY26 budget workshop.
City staff on May 20 reported that sales taxes collected for March 2025 totaled nearly $260,000, down roughly 7% from March 2024. Fiscal-year-to-date sales-tax receipts stood near $1.98 million; staff projected total FY2025 collections in the $2.9 million to $3.0 million range, short of the prior budget estimate of about $3.07 million.
Finance presentation notes highlighted that Graham and nearby Wichita Falls were outliers in the region with year-over-year declines, while several neighboring cities reported increases. Staff…
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