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Sales tax growth cools; staff projects FY26 modestly above projected FY25 year‑end but below recent boom years
Summary
Budget staff told council that sales tax — the second‑largest general fund revenue source — is leveling off after recent high years. FY25 collections are running slightly below budget and staff proposed a conservative FY26 projection.
Budget staff presented sales tax as the general fund’s second‑largest revenue source and described a multi‑year pattern: record collections in recent post‑pandemic years have moderated, and FY25 collections were tracking below the adopted budget. Staff told council they are budgeting conservatively for FY26.
Why it matters: sales tax is a major portion of general fund revenue (staff showed property tax at roughly 54% and sales tax at about 33% of…
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