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Flagstaff projects modest revenue growth; council told sales tax and hotel receipts will be monitored
Summary
City finance staff told the Flagstaff City Council at its April 24 budget retreat that general fund revenues are tracking slightly below earlier projections but remain positive overall; staff recommended conservative adjustments for some categories while raising state-shared revenue estimates.
At a Flagstaff City Council budget retreat on April 24, Rick Tatter, management service director, told the council that the city’s general fund revenues are tracking modestly above prior-year actuals but slightly below the projections the council adopted last year.
Tatter said overall sales-tax revenue is projecting about 2.5% growth year over year, though some categories prompted cautious adjustments. “So just generally, overall, we're trending at about 2 and a half percent growth in our general fund sales tax,” he said. Retail and marketplace receipts showed a decline in January before stabilizing, and hotel occupancy and related receipts have been reduced in the forecast after several months of year-over-year declines.
Why this matters: the general fund…
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