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Oro Valley forecasts tightening finances over next five years; council presses staff on assumptions
Summary
Town CFO presented a preliminary five‑year forecast that keeps the town structurally balanced but narrows operating surpluses, relies on conservative sales‑tax assumptions, and defers capital projects; councilmembers asked for scenario analyses and clarity on marketplace revenue assumptions.
Oro Valley officials on March 18 heard a detailed five‑year financial forecast from Chief Financial Officer Mr. Gephart that projects a narrowing operating surplus in the general fund and deep cuts or deferrals to capital projects to keep the town’s books balanced through fiscal 2031.
Gephart said the forecast covers four major funds — general, highway, capital and community center — and is a "baseline forecast" built on currently known information and modest growth assumptions. "We are continuing to see a reduction in operating surplus in the general fund," he said, noting staff refined sales‑tax revenue projections downward in…
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