Lisa (tax collector) briefed the Board of Estimate and Taxation on Jan. 6 that property and other tax collections were proceeding normally through the tax bills mailed in late December and January. November numbers were on target and December was "robust," she said, and January collections had started strongly.

On new cannabis excise receipts, Lisa said the city received about $44,000 at year-end from the retailers that had been reporting to the city. She said data collection began in April 2024, billing began in July 2024 and that retail activity expanded from one to two and now to three dispensaries. "If the trend continues," a board member said, the city could be receiving "25, maybe 30,000 a month between the 2" retailers; Lisa cautioned that it was too early to finalize an annual projection and that retail patterns may redistribute purchases rather than generate entirely new purchases.

Lisa described enforcement measures in progress to reduce delinquent business personal property taxes, including withholding health permits for businesses with more than one year of unpaid taxes and filing UCC liens through the secretary of the state's system. She said business personal property taxes remain the hardest to collect because of the lag between assessment (Oct. 1) and collections in July and January of the following year.

Ending

Lisa said she would continue collections and enforcement work and provide further updates; trustees thanked her for the report.