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Finance staff reports February sales-tax collections roughly in line with budget
Summary
Finance staff told the committee February sales-tax receipts were about $712,000, about 1% below February 2025 but pushing the year-to-date totals roughly 2% above budget; staff will continue monitoring as the city moves toward the 2027–28 budget season.
Noah Crocker presented the city’s sales-tax and real-estate-investment-trust (REIT) receipts for February. Crocker said Port Orchard collected about $712,000 in February 2026 versus roughly $720,000 in February 2025, placing the month about 1% below the year-earlier month but helping push year-to-date results about 2% above the adopted budget.
Crocker noted that REIT receipts were close to last year’s amounts and that, when compared to budget targets, REITs were running materially ahead of budget and also contributed to the positive budget variance. He told the committee staff will continue to monitor collections in the next several months as the city prepares for the 2027–28 budget process.
No committee action was taken; Crocker said staff will circulate the monthly reports to the finance committee and post them publicly once finalized.
