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Finance director: Redmond collected $11.3M more in sales tax than expected; fourth‑quarter 2025 report shows positive results
Summary
Finance Director Kelly Cochran presented draft fourth‑quarter 2025 financials on Mar. 17, noting stronger‑than‑expected sales tax (+$11.3M), largely development‑driven and partly one‑time, and flagged monitoring needs for grants timing and human‑resources medical claims.
At the March 17 meeting, Finance Director Kelly Cochran delivered the City of Redmond’s draft fourth‑quarter 2025 financial report, telling council the city’s fiscal position shows positive results but includes items staff will continue to monitor.
Cochran said sales‑tax collections exceeded expectations by about $11.3 million—an increase tied largely to development activity and newly taxed services under House Bill 5814 (implementation of sales tax on certain services). She cautioned that a portion of the extra…
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