Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Anacortes finance director outlines flat tax revenues; council approves small first-quarter budget amendments
Summary
Finance Director Hoglund reported flat-to-slowing tax revenue trends and shrinking cash reserves at a first-quarter update. Council approved a small budget amendment (ordinance 4098) to replace a retired police canine and upgrade computers, using restricted funds.
The Anacortes City Council received a first-quarter finance update on April 21 and approved a limited first-quarter budget amendment to cover a retired police canine and several replacement computers.
Finance Director Hoglund briefed the council on revenue and expenditure trends through March, noting that first-quarter receipts typically represent about 25% of annual budgets but that timing differences can skew that figure. Property tax receipts arrive in two main tranches (May and November), and the department expects continued flat sales tax receipts compared with the citys 2022 peak. Hoglund said March sales tax growth this year was driven largely by boat sales tied to regional shows and by activity related to the citys outfall project; construction-related sales remain weak and building permits are down from earlier…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
