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Committee members report mixed sales-tax receipts and mortgage-tax progress
Summary
Attendees discussed sales-tax receipts being down about 2–3% from 2024 while building-fee revenue is above last year and mortgage-tax receipts may meet or exceed budgeted figures.
A committee member asked whether the county had shared sales-tax projections; the Chair replied that sales-tax receipts are "off, not a lot, but it is off, like, 2 or 3% from 2024." The Chair also said the town has recorded higher building-department fees than budgeted, at roughly "$6,000 or something" above last year with three months remaining.
On mortgage tax, the Chair said the budgeted figure was "30" and that the first check in the packet was shown as "16.09 85"; the town put "32" in the draft for next year. Speakers noted recent interest-rate movement could affect future mortgage-tax receipts, but they did not provide a precise projection at the meeting.
