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Sedona staff urges prudence as council hears economic, tourism outlooks ahead of FY‑27 budget
Summary
City staff presented a cautious economic forecast and new tourism data showing mixed hotel demand; they recommended conservative revenue assumptions and a 0‑based review of expenditures while council signaled broad support for holding revenue estimates flat as capital project priorities are re‑evaluated.
City staff told the Sedona City Council on Dec. 17 that a mix of national economic risks and shifting tourism patterns calls for conservative revenue assumptions as the city prepares its FY‑27 budget. ‘‘What we’re seeing is moderate growth nationally but a lot of downside risks — inflation, consumer softness and global headwinds — so GFOA guidance is to be conservative and preserve contingency,’’ Barbara Whitehorn, deputy city manager, told the council.
The economic presentation by staffer Sterling highlighted a ‘‘K‑shaped’’ recovery in which technology and high‑income services continue to perform while low‑income retail and small businesses lag. Sterling said the…
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