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Arlington staff present 2025 financial report: sales-tax swings, $6M ending fund balance
Summary
Finance staff presented a full-year 2025 report showing sales-tax volatility (overall +8.5% vs. 2024 but 93.8% of budget), a general-fund ending balance of roughly $6.0M (about $160,000 below projection), and $58M in cash and investments. Staff noted one-time construction receipts and asked council to consider these patterns during the upcoming retreat.
Shelby presented Arlington's 2025 financial report and walked the council through revenue and expenditure trends, fund balances, and key metrics that staff will use for upcoming budget planning.
Shelby said total sales tax for 2025 rose about 8.5% over 2024 but still equaled only 93.8% of the budgeted amount. She broke sales-tax receipts into three main sources: retail sales (about 46% of sales-tax revenue and up roughly 3% from 2024), services (about 22% and showing consistent growth averaging 9% annually since 2022), and construction sales tax (about 15% of 2025…
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