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Tempe officials outline cautious budget outlook as retail sales rise but rental tax falls
Summary
Deputy City Manager Lisette Camacho and Budget Director Robert Baer told the City Council the city is stabilizing finances through expenditure reductions and use of reserves, noting retail sales growth (including online retail) but a continuing shortfall from residential rental tax revenue.
Deputy City Manager Lisette Camacho and Municipal Budget Director Robert Baer told the Tempe City Council at a work study session that the city's long-range fiscal forecast shows cautious improvement in some revenue categories but continued pressure from a decline in residential rental tax revenue.
Camacho said staff has entered a second consecutive year without supplemental budgets and has prioritized expenditure reductions and revenue-offset budget requests to maintain fund-balance targets. She highlighted increased retail sales tax, noting that…
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