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Oro Valley finance director: early fiscal‑year revenues lag budget; construction sales tax and bed tax driving shortfall
Summary
In an unaudited first‑quarter update presented Nov. 19, Oro Valley’s finance director reported general fund revenues trailing budget by roughly $2.5 million at this stage, driven mainly by lower local sales taxes, and fielded council questions about bed taxes, a delinquent payer and construction tax assumptions.
Chief Financial Officer Gebhardt presented the town’s unaudited quarterly financial report for fiscal year 2025‑26 (through September 2025), warning that early revenues are below expectations and explaining the primary drivers.
Gebhardt said the report is unaudited and subject to change: “The information being presented this evening is unaudited and subject to change,” he told council. He said total general fund revenues were lower than last fiscal year by about $535,000 and that the town was at roughly 21% of budget through the first quarter, producing a budget shortfall of about $2.5 million at this point in the year. The finance director…
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