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Holladay staff urges conservative budgeting after sales‑tax volatility
Summary
City staff told council that concentrated sales‑tax receipts and timing effects have driven sharp year‑to‑date swings; staff recommended budgeting conservatively (flat or near‑flat) and relying on recent property‑tax gains as a cushion.
City staff briefed the Holladay council on revenue trends and recommended a conservative approach to the coming budget, citing large swings in sales‑tax timing and concentrated contributors that make revenue volatile.
A staff presenter told the council that year‑to‑date sales‑tax receipts were “down by 26% compared to this point in the year last year,” a shortfall the presenter attributed largely to timing of large remittances…
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