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April sales tax down; finance staff report conservative budget posture to avoid layoffs
Summary
Finance staff reported April sales tax receipts 3.5% below last April and year‑to‑date receipts 1.3% below last year. Staff said they will remain conservative in revenue projections to avoid workforce reductions and will monitor regional trends and OML work on long‑term municipal funding.
Kim Kaufman, finance staff, presented the monthly revenue and expenditure report for the city and told the finance committee that April sales tax receipts were 3.5% below April 2024 and year‑to‑date receipts were 1.3% below last year.
Kaufman said the city’s sales tax budget for the year had been set about 2% higher than last year’s actual receipts and that current collections are roughly 3% below that budget target. She noted similar patterns across…
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