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El Paso County CFO says revenues exceed forecast by $4.3 million through June; sales-tax shortfall concentrated in general fund
Summary
Chief Financial Officer Nikki Simmons told commissioners the county is roughly $941,000 shy of its sales-tax budget through June but overall is $4.3 million above revenue forecasts thanks to higher investment returns and other compensating revenues; she described the county's conservative 'recession-resistant' budgeting approach.
Nikki Simmons, El Paso County chief financial officer, presented the county’s June 2025 budget performance report to the Board of County Commissioners on Aug. 5, telling commissioners that, while sales-tax receipts lagged budget expectations through May by about $941,000, overall revenues for the year-to-date exceeded the county’s forecast by about $4.3 million.
Simmons said the county’s 1% sales-and-use tax budget is allocated across the general fund, road and bridge, capital improvement, human services and self-insurance funds. “We are shy of our budget through June of about $941,000 in sales tax,” she said, noting that the variance concentrates in…
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