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March financials: utility-tax strength offsets soft sales-tax; committee forwards report
Summary
Finance staff reported March results showing utility-tax receipts well above budget while sales-tax trails budget expectations; the committee forwarded the March financial report to the May 5 consent agenda and discussed red-light camera revenue declines and cash balances.
Finance Director Steve presented the March 2026 monthly financial report, highlighting mixed revenue signals and a stabilizing cash position.
Steve said sales-tax collections were about 3% above the prior year but slightly under the city's budget forecast, a common pattern linked to inflation and rate effects. By contrast the city's 6% utility-tax component showed a…
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