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Payson projects 12% revenue drop for FY26 and flags state ballot measures that could cut food tax receipts
Summary
Town finance staff told the council on April 1 that Paysonexpects roughly a 12% decrease in general-fund revenues for fiscal year 2026, driven mainly by sales-tax shortfalls and the removal of one-time grant assumptions; staff also warned of state legislation and a likely November ballot measure that could reduce local food-tax revenue.
Finance staff presented the town—s revenue outlook for fiscal year 2026 at a council work study on April 1, telling the council the town is projecting roughly $35.1 million in total revenues, about a 12% reduction from the current fiscal-year budget.
The largest single change is in general-fund taxes: staff said sales-tax receipts are about $3 million lower than the amount budgeted for the current year and that the town is conservatively projecting roughly $22 million in town sales tax next year, down from the $25 million figure that had been budgeted earlier this year.
Town staff attributed the gap to weaker-than-expected sales in some business categories and to the fact that the prior budget included large grant assumptions that did not materialize. Intergovernmental revenue is also lower because large grants…
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