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City CFO reports sales-tax rise, warehouse and MUELP loans paid off
Summary
Candy Johnson, City CFO, told council that five months of 2026 sales tax collections were up 2.9% year-to-date, use tax was down 5.5%, June had two payroll cycles, and the warehouse and MUELP loans were paid off in full.
Candy Johnson, the city’s chief financial officer, presented the June financial statement and highlighted that five months of 2026 sales tax collections are up 2.9% compared with fiscal year 2025 while use tax is down 5.5%. She also noted June included two payroll cycles and that the warehouse loan and the MUELP loan were paid off in full.
"Recorded 5 months of sales tax in 2026. Collections are up 2.9% from fiscal year 20 25," Johnson said, and later added that the warehouse and MUELP loans "were paid off in full." The council voted to accept the financial statement.
