Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pinetop Lakeside reports December shortfall in TPT; general fund still under budget
Summary
Town finance presenter Gabe told the Pinetop Lakeside Town Council that December transaction-privilege-tax (TPT) receipts were down sharply year-over-year, leaving the general fund projected to end the year modestly lower than the prior year but still under budget.
Pinetop Lakeside — The town’s finance presenter, Gabe, told the Town Council that year-to-date general fund revenues through December stood at about $3,960,857 and that transaction-privilege-tax (TPT) collections — the town’s primary sales-tax revenue — were roughly $2.8 million, about 51% of the annual budget.
Gabe said overall TPT across all funds was down about 3.1% year-to-date compared with the previous year and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
