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Finance staff present FY25–26 revenue forecast; council asks follow‑up on tourism and events
Summary
City finance staff presented revenue forecasts for FY25–26 using national and local data models, projecting modest tax growth and lower interest income compared with the prior year; councilors asked for more analysis on hotel/motel trends tied to event calendars and arts sector volatility.
City finance staff presented revenue and forecasting trends used for the FY25–26 budget and described methodology and assumptions behind projections for sales and use taxes, franchise fees, interest income and hospitality taxes.
A budget office presenter said the city uses Forecast Pro for major accounts, Federal Reserve and Moody’s analytics to set assumptions, and local inputs such as population growth to refine projections. Staff presented a proposed all‑tax total of approximately $471.2 million — a 1.6% increase over the current estimate — driven largely…
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