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Finance report: $7.3 million in sales taxes collected as of June; TIF A up 13%
Summary
Finance staff reported $7,300,000 collected in sales taxes (calendar comparison slightly down ~1%), fiscal-month collections of $1.2 million (down ~1.2%), and TIF A up 13% year over year; staff said the city is generally tracking close to last year and sees no cause for alarm.
Clarissa Brown Smith presented the city's sales-tax report for June 2026, telling the council that $7,300,000 had been collected year-to-date on a calendar basis and that fiscal-month collections for June were $1,200,000 (about 1.2% down year over year).
She noted that, by specific programs, the TIF tax was up about 13% (from $29,134 to $33,015) and that several economic development district collections varied by district (EDD C up 1%, EDD D up 26%, EDD F up 33%). On the fiscal-month basis she said the city was "trending very, very close to last year" and that the small percentage differences equated to modest dollar amounts (for example, the month-to-month difference of roughly $12,700 for a 1% change). Council members asked which districts corresponded to specific letters (Riverside, Flying Hard, Hobby Lobby) and staff clarified district mappings and reporting timing.
