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Finance director reports steady revenues, PPRT shortfall; municipal golf sees revenue gains
Summary
Finance staff told council the city is tracking near budget for sales and food/beverage taxes but continues to see a state PPRT shortfall; the municipal golf operation posted higher rounds and revenue above budget year-to-date.
The city finance director presented the monthly finance report and highlighted that sales and food-and-beverage taxes are tracking close to budget but that the state’s Personal Property Replacement Tax (PPRT) remains about 36% below budgeted levels. The finance director said the city is monitoring three months of sales-tax receipts that will finalize the…
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