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Controller reports taxable base growth, deed transfer gains and mixed collections through May
Summary
Controller J. Speakman reported an increased taxable base since 2023, deed transfer activity up about 40% year‑over‑year, earned income tax increase, slightly lagging collections through May, and cable franchise fees behind due to a missing Comcast payment.
Controller J. Speakman provided the monthly financial update: real estate billings were mailed in May and the taxable base has increased since 2023, while exonerations from the County’s CLR have reduced additions from new construction. Collections through May are slightly behind 2025 and the discount period ends June 30.
Speakman noted earned income tax collections are higher than last year and deed transfer activity is up roughly 40% over 2025; cable franchise fees are behind due to a missing Comcast first quarter payment. He did not provide revised year‑end projections beyond noting the 2026 budget matches 2025 and it is too early to confirm if current trends will persist.
