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Sedona council hears economic outlook; staff outlines home rule and permanent base adjustment options
Summary
City staff reported mixed economic indicators and year-to-date budget performance, and briefed council on Arizona's expenditure limitation options — continue home rule, adopt a permanent base adjustment (PBA), or accept the state limit — asking council for direction ahead of the next election cycle.
City staff presented an economic update and a review of options to comply with Arizona’s constitutional expenditure limitation, emphasizing uncertainty in tourism-driven revenue and a need for public education before any ballot measure.
Deputy City Manager Barbara Whitehorn said consumer-confidence indicators and sales- and bed-tax trends showed retrenchment and month-to-month volatility, including a June dip and a July…
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