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Arlington City: sales tax trending down; staff flags cable-fee trend and street-fund options
Summary
Kristen Garcia, a city finance staff member, reported at the Arlington City Council workshop that November sales tax collections were below the same period last year and are likely to leave the city short of its 2024 budgeted sales-tax receipts.
Kristen Garcia, a city finance staff member, reported at the Arlington City Council workshop that November sales tax collections were below the same period last year and are likely to leave the city short of its 2024 budgeted sales-tax receipts.
"Our sales tax is still trending downward, as compared to last year," Garcia told the council, noting the city expects a two-month reporting lag for holiday spending and that it will need to wait through the first quarter of 2025 to see whether holiday revenues offset the trend.
Garcia highlighted several offsetting items: investment income is running "quite a bit…
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