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Aurora October sales tax receipts fall; staff say recovery this year unlikely
Summary
City staff reported October sales tax receipts of $24.4 million, a 7.5% drop from Oct. 2023 and a year-to-date shortfall of about $2.2 million; staff said late Thanksgiving timing and a shift in filing frequency mean most holiday-driven sales will post in January, making a full recovery this year unlikely.
City staff told the Management & Finance Policy Committee that Aurora’s October sales tax receipts were $24,400,000, down $2,000,000 (7.5%) from October 2023 and leaving the city about $2,200,000 below its year-to-date projection.
"We’re now $2,200,000 below our sales tax projection," said Bill, the city presenter on revenues, noting October and September were both disappointing months. He added that variable sales-tax payments — one-time large business remittances largely tied to telecom and IT — boosted…
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