Scottsdale Mayor Lisa Borowsky is celebrating a fresh wave of positive economic news following last Tuesday’s financial update from the City Treasurer’s Office.
At its quarterly update, the City Treasurer’s Office is reporting the city’s sales‑tax revenues are outperforming revenue projections through the second quarter of this fiscal year.
New data presented to the City Council shows General Fund revenues running 5% above budget, driven in part by local sales taxes up 4%, including a $3.2 million boost from stronger‑than‑expected activity across major economic sectors, numbers show. Total collections from the city’s 1.1% sales‑tax rate are now 4% ahead of midyear projections, which Mayor Borowsky explains reinforce Scottsdale’s position as one of Arizona’s strongest and most stable municipal economies…