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Fountain Hills reports mixed Q3 revenues; retail and tourism categories show gains
Summary
Town finance officials reported third-quarter FY2025 revenues: townwide taxable activity down ~2.8% year over year but retail, remote sellers and services (tourism) categories showed gains; staff noted the February contraction and the state-driven change to the long-term residential rental tax.
Town finance staff presented a third-quarter fiscal 2025 revenue update to the Fountain Hills Town Council, reporting mixed results across categories and explaining reasons for month-to-month variability.
Paul, the town finance presenter, said total taxable activity for the third quarter was about $192 million, roughly 2.8% lower than the prior year, driven in part by a weak February; however, the town remains about 14% above its conservative year-to-date projections.
Key figures presented by Paul included: - Transaction Privilege Tax (TPT)…
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