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Lamont officials urge conservative FY27 budgeting after sales-tax drop and cautious Road Use Tax forecast
Summary
City Clerk reported a 2.1% decline in local option sales tax for FY26 and recommended lower budgeting for FY27; Road Use Tax per-capita forecasts are $140 but state guidance suggests budgeting more conservatively, around $58,000.
City officials at the Dec. 10 Lamont council meeting warned that revenue forecasts for fiscal 2027 will require tighter budgeting after the city recorded a 2.1 percent decline in local option sales tax receipts for FY26.
City Clerk Paula J. Harvey told the council that local option sales tax receipts fell 2.1 percent compared with prior reporting and said the city should plan a reduced projection — roughly $54,000 — for next year’s budget. The clerk also noted that Road Use Tax per-capita forecasts currently show $140, but the Iowa Department of Management advised a more conservative approach; using that recommendation would yield an estimated Road Use Tax budget near $58,000.
Council discussion focused on aligning FY27 spending with those more conservative revenue estimates. No formal budget adoption occurred at the meeting; the council directed staff to incorporate the lower revenue assumptions into upcoming budget work sessions.
