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Fountain Hills revenue update: town remains ahead of conservative projections despite February slump
Summary
Finance staff reported that third-quarter revenues are about 14% above the town’s conservative projections for the year, with total TPT collections of $5.5 million and sectoral shifts including a contraction in February and growth in services and restaurants. The removal of the long-term residential rental tax affected February figures.
Finance staff presented the town's fiscal year 2025 third-quarter revenue update, reporting that the town remains ahead of conservative projections for the year but showing mixed results across revenue categories.
Paul (finance staff) told the council that while February 2025 was a contraction month ("about 12% lower local sales tax revenues"), the town is "still 14% above our conservative projections for the year." He reported the town's total net…
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