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Interim finance director reports FY2026 year-to-date results: revenues near budget, some cost pressures
Summary
Interim Finance Director Aquaneta Harris reported June FY2026 results showing revenue collections at about 97% of the annual budget, local tax revenues up ~2.4% year over year, general fund expenditures at roughly 90% of budget, and noted overtime and temporary wage overages in some departments.
Aquaneta Harris, interim director of finance, presented the monthly financial report for the fiscal year ending June 30, 2026. Harris said overall revenue collections were at 97% of the annual budget and that several local tax categories — real estate, business license, public service tax and penalties/interest — performed particularly well. Prepared food-and-beverage base sales rose 1.9% while related tax revenue collections rose 20% following a rate increase from 5.5% to 6.5%.
Harris also reported that general fund expenditures were about 90% of the annual budget and that some departments had overtime and temporary-wage overages (staff cited snow removal and staffing limits as drivers). She noted year-end accruals were being completed and that expenditures were expected to remain within budget overall. Council members pressed about sales-tax trends and comparative performance in neighboring localities.
