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Finance director reports sales-tax gains, lower building revenues and falling payroll slippage in midyear budget review
2108686 · January 9, 2025
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Summary
At the Jan. 9 workshop staff reported sales-tax receipts about $900,000 over budget through December, building-permit revenues down roughly 20% year-over-year, payroll slippage at about 2% and overall vacancies near 5%. Staff said the trust transfer will affect next year’s budget.
City finance staff presented a fiscal year 2025 midyear budget review at the Jan. 9 workshop.
Staff reported combined state and local sales-tax receipts are approximately $900,000 over budget year-to-date and are about 4% higher than the same period last year. Building-permit…
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