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City staff previews FY27 revenue outlook as sales tax strengthens; tentative budget due next week
Summary
Budget staff told the council that FY27 revenues look balanced heading into the tentative budget, driven by stronger sales-tax receipts (partly due to corrected state reporting and updated population data). No property-tax increase is planned; utility transfers to the general fund will remain at 12.5% in the tentative budget.
Budget staff presented an overview of FY27 budgeted revenue trends and cautioned the council that slides shown were prepared weeks earlier and that figures would be updated for the tentative budget delivered next Tuesday. The presentation highlighted that the general fund remains broadly similar to previous years, with sales tax as the largest revenue source and transfers from utility funds as key…
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