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Finance director: Fountain Hills Q2 revenues down year-over-year but exceed conservative projections
Summary
Finance Director Paul reported FY26 second-quarter totals showing taxable activity of $167 million, TPT of $4.8 million (down year-over-year but above projections), mixed trends across categories and modest impacts from San Tan Valley incorporation on state-shared allocations.
Fountain Hills — Finance Director Paul presented the town’s FY26 second‑quarter revenue update on Feb. 3, reporting total net taxable activity of about $167 million, a 7% decline from the prior-year quarter, and total transaction privilege tax (TPT) receipts of about $4.8 million, a 4% decline year‑over‑year but 6.2% above conservative projections.
Paul attributed much of the year‑over‑year decline to the removal of residential rental taxes from the comparable quarter last year. Category performance was…
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