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Quarter 2 financial report: city reports sales-tax growth, rising utility revenues and proposed CIP with tax-supported borrowing capacity
Summary
Budget staff presented second-quarter financials showing sales-tax and utility revenue growth, higher water impact-fee receipts, and a draft FY2026 tax-supported CIP and debt model that holds the current interest-and-sinking rate while identifying capacity for additional borrowing in later years.
Myra Cantu, the city budget manager, presented the city's second-quarter financial report covering the general fund, electric fund and water fund and summarized an updated tax-supported capital improvement and debt model for fiscal 2026 and beyond.
Cantu said general-fund revenue through the roll-forward budget totaled about $110.9 million, driven by sales tax and property tax. Sales tax was reported up about 10.5% compared with the same period in FY 2024; property-tax collections were reported at roughly 92% of billed amounts and up 2.5% year over year. Cantu noted planning-and-development revenue has tapered and fire/EMS revenue rose about 12.5% year over year due to increased calls for service.
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