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Redding council settles on 2.5% sales-tax forecast as revenues lag; $5M shortfall remains
Summary
At a Jan. budget workshop, City Manager Todd Tippen and Finance Director Greg Robinette outlined falling sales and other tax revenues. Councilors signaled consensus to use a 2.5% sales-tax growth assumption for budget planning while staff continues work to close an estimated $5 million gap.
City Manager Todd Tippen opened the Redding City Council’s budget workshop on Jan. 23 by framing the session as an early step in closing a growing gap between revenues and expenses. “So, we'll jump right into item 3.1, which is really the purpose we're here is a budget workshop,” Tippen said.
Finance Director Greg Robinette told the council that sales-tax and other revenues so far this fiscal year are below the assumptions used in the current budget. “Sales tax is about 15 a half 1000000 year to date. We forecasted just over 16,000,000,” Robinette said, adding that sales-tax receipts were roughly $400,000 below projections through December. Property tax collections through January exceeded projections, he said, rising about 4.5% year over year, while transient-occupancy tax and cannabis-related receipts remain below their forecasts.
The presentations outlined the city’s current budget…
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