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Flagstaff trims retail and hotel revenue forecasts, keeps overall growth outlook for budget planning
Summary
At its April 24 budget retreat, Flagstaff City staff reported modest overall growth in general-fund revenue but said they had lowered near-term projections for retail/marketplace and hotel-related receipts while increasing state-shared revenue estimates.
At a Flagstaff City Council budget retreat April 24, city budget staff reported a modest overall revenue outlook for fiscal planning while flagging weaker near-term retail and hotel collections that prompted modest downward adjustments to some categories.
Rick Tatter, management service director, told the council the city is “trending at about 2 and a half percent growth in our general fund sales tax.” He said data through March showed retail and marketplace returns that declined in January and prompted a small downgrade in that projection, and that hotel occupancy collections have fallen roughly 2% year over year in recent months.
The city also raised its estimate for state-shared…
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