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Oversight committee: street sales tax fund ‘right on track,’ operating balance noted
Summary
Charles Harvey told the Street Improvements Oversight Committee that street sales tax revenue and allocations are tracking to plan through March 31, 2026, with operating expenditures of about $563,753 and capital balances around $22.4 million of a $41 million capital budget.
Charles Harvey presented the street sales tax dashboard through March 31, 2026, and said the fund’s revenues and allocations are aligned with expectations. "We are right on track there," he told the committee while walking members through revenue sources and allocation categories.
Harvey reported operating expenditures of about $563,753 against a $3.2 million operating budget and a capital budget showing roughly $22.4 million remaining of a $41,000,000 capital allocation. Committee members asked for clarification about old project numbers and encumbrances; Harvey explained staff is closing legacy project numbers and transferring remaining balances to current project accounts. The committee voted to accept the dashboard report at the meeting.
