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Pleasant Valley finance director reports rising use tax revenue over three years
Summary
The finance director told the council use tax collections rose from about $380,000 in 2023 to roughly $700,000 in 2025, and that combined sales and use tax revenue also increased year over year; the city will begin monthly tracking for 2026 next month.
The finance director presented a mid-cycle financial update focused on sales and use tax trends, telling council members that use tax has become an increasingly important revenue source for Pleasant Valley.
Using a chart included in the meeting packet, the finance director reported that use tax receipts grew from about $380,000 in 2023 to roughly $700,000 in 2025 and noted that sales tax also rose in 2025, producing about $200,000 more than prior years. The director said the packet contains a multi-year chart and that the city will begin tracking 2026 months in March so a line can be drawn between January and February.
The director emphasized the importance of monitoring use tax because it is composing a growing share of the city's tax income. Council members did not request further immediate action but asked for a separate packet to better review the charts before the next meeting.
Why it matters: rising use tax receipts affect the city's near-term revenue picture and budgeting assumptions; officials said they will continue to monitor monthly income and report back at future meetings.
Next steps: staff will provide monthly tracking for 2026 starting in March and prepare an additional packet with detailed charts for council review.
