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Oro Valley finance staff report steady revenues; general fund trending slightly below budget
Summary
Deputy Finance Director presented the quarterly update through March 2025: general fund revenues are projected about 1% below budget (largely due to construction sales tax), overall uses down 3%, and projected ending general fund balance improved relative to budgeted drawdown.
Deputy Finance Director Gomez presented the town’s fiscal year-to-date quarterly financial update through March 2025. She said overall general fund revenues are trending about 1% below budget (roughly $525,000) driven mainly by lower construction sales tax, state shared revenues down about 10%, and licenses/permits down 16% (commercial building permits). Charges for…
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