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Faulkner County treasurer reports tax collections up about 6% year‑to‑date; FY25 projection near budget

2171776 · January 1, 2025
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Summary

At a brief Budget and Finance Committee meeting, the county treasurer reported year‑to‑date tax collections about 6% higher than the same period last year and presented revenue projections for fiscal year 2025. Committee members received the report and asked no follow‑up questions.

The Faulkner County Budget and Finance Committee heard an update from the county treasurer on tax collections and revenue projections during a meeting that lasted about nine minutes.

Treasurer Mister Sanson told the committee that the county’s year‑to‑date tax revenue is roughly 6% above November of last year and that total tax collections currently sit at about $13,511,250, which he described as 100% of the projection referenced in his materials. Sanson said he expects another roughly $1.1 million in revenue next month, which would put the county near its FY25 projection of about $143 million (Sanson characterized that projection as roughly 98% of anticipated revenue).

Sanson described trends shown in the report: the one‑year moving average remains above the three‑month moving average, with a dip expected in January or February as a seasonal effect. He also noted an earlier “January anomaly” that he estimated at roughly $90,000 for the year but said he did not expect the county to return the full amount of that anomaly to taxpayers. The treasurer cautioned that some figures in the report are preliminary and that staff will have firmer numbers as year‑end closes.

Committee members asked no substantive questions and did not request follow‑up work. The chair thanked the treasurer for his work and moved the meeting to new business.

The materials and remarks contained a number of numeric figures that appear in the public transcript with inconsistent formatting; the committee materials should be consulted for authoritative totals and final year‑end balances.