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Sales, use taxes and interest drove 2025 gains; city warns sales growth may slow
Summary
Staff told the board sales and use taxes and strong interest earnings pushed 2025 revenues above budget; use tax rose roughly 10% year-over-year, while staff cautioned sales-tax growth may moderate in 2026.
Rick told the board that city sales tax had shown sustained increases in recent years and that the use tax in 2025 rose "almost 10%" actual-to-actual. He said use-tax gains were likely tied to continued online purchases and projected the use-tax line would remain elevated in 2026.
On sales tax, Rick said growth may slow a bit going forward; the board budgeted $1,700,000 for sales tax in 2026, about $120,000 above last year’s budget but slightly below 2025 actual receipts. He attributed the larger-than-expected revenue mostly to sales, use and interest performances rather than wage or service changes.
