Agenda Item Title:
Acknowledge 2023 Sales Tax Report
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
02/28/2024
City Council Hearing Date:
03/04/2024
Staff Contact:
Daniel Ainslie
Location:
Council Chambers
Agenda Item Summary:
The attached charts include a summation of sales tax received during 2023. The General 2% Sales Tax collected in 2023 was 2.18% higher than collections in 2022. Total General Fund Sales Tax collections were $1,330,333 higher than budgeted. The Tourism Sales Tax collected for 2023 was 5.43% higher than collections in 2022.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
Recommendations:
Origination Recommendation Action:
Acknowledge