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El Campo officials warn of 5.8% sales-tax decline and urge contingency planning for FY25
Summary
City staff reported a 5.8% drop in sales tax receipts (about $216,897) compared with the prior period and recommended identifying roughly $200,000 in expenditure reductions, monitoring May receipts, and planning conservative projections for next year’s budget.
City of El Campo officials on April 28 alerted the City Council to a 5.8 percent decrease in sales tax receipts compared with the same period last year and urged the council to develop contingency plans for the current and next fiscal year.
“ We are down 5.8%,” a city finance staff member told the council, adding that the drop amounted to $216,897 from the same period last year and that sales tax is the largest and a volatile general-fund revenue source. Staff said April receipts reflect purchases made in February and…
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