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Committee accepts quarterly financial report showing flat revenues, dip in hotel tax
Summary
The Financial Review Committee accepted the quarterly report for July–September 2025, reporting $8.6 million in general fund revenues (about $100,000 higher than last year) and $11 million in expenditures for the quarter; transient-occupancy tax fell about 3.5%, attributed mainly to lower occupancy at the Ritz Carlton. The vote was 3–0 with two members absent.
The Financial Review Committee on Oct. 28 accepted its quarterly financial report for the period ending Sept. 30, 2025, after a brief staff presentation and committee discussion.
Staff reported that "General fund revenues during this quarter was 8,600,000.0, which is just over a $100,000 more than same period last fiscal year," and that transient-occupancy…
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