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Hoover finance update: sales and use taxes flatten; property tax rises continue
Summary
City finance staff told the Hoover City Council that sales and use tax growth slowed from 2023 to 2024, online sales tax (SSUT) comprises a growing share, and real property tax collections rose notably year over year; staff cautioned revenues are heavily concentrated in sales tax and early-year timing affects percentages.
Wendy Cornett provided the Hoover City Council with a financial update on Feb. 17 that showed slower growth in sales and use tax collections for 2024 and an ongoing shift to online sales tax receipts.
Cornett said sales and use tax and the state-collected share for online sales (SSUT) together provide roughly 65–70% of the city's revenue historically and described 2024 growth in sales and use tax as "less than 1%" compared with the prior year. "From 2023 to 2024, it was less than 1%, so 0.26%," she said.
The nut graf: The city's revenue…
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