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February financial report: sales-tax up short-term, leaders warn expenses must be watched
Summary
Finance staff reported an 11% year-to-date increase in sales-tax receipts through February (reflecting a two-month lag), growth in services and construction sales tax, and a rebound in utility taxes; staff cautioned expenses are tracking and outlined ongoing reduction strategies and a 10-year projection update.
Finance director Shelby presented the February 2026 financial report, noting sales-tax receipts were up about 11 percent year to date compared with the same period in 2025, but cautioned that data reflect only two months of collections (and a two-month reporting lag).
"Year to date through February compared to prior years, we're experiencing an 11% increase in sales tax,"…
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