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Staff outlines modest economic outlook for 2026; property tax remains primary revenue driver
Summary
City finance staff told the Finance Commission the 2026 outlook is steady, with property tax as the largest general-fund source and a conservative 2% sales-tax growth assumption; staff also plans a spring fee/charges study to inform the budget.
City finance staff presented an economic outlook to the Finance Commission on Nov. 20 as the work that will form the foundation of the 2026 budget.
Nick, who led the presentation, said staff uses conservative, long-standing data sources and local consultants to project revenues. He told the commission property tax makes up roughly 40% of the general fund and is the city's most stable revenue source, while sales tax accounts for a much smaller share…
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