(The Center Square) – The new year is here, but municipalities still need to finish collecting taxes from the last one. Spokane County is no exception, with sales tax revenue still 1.4% behind initial projections.
Municipalities typically collect taxes each quarter, with the most recent data available through October 2024. Randy Bischoff, senior director of Finance & Administration, presented those numbers to the Board of County Commissioners on Monday, detailing some trends.
The December report through October showed that the county’s sales tax revenue was 1.4%, or $1.1 million, behind the $79.3 million it anticipated generating by then. The county collected $6.9 million last month, 4.6% more than December 2023, but annual growth is only about 1%.
Bischoff is still waiting on data through the end of the holidays but previously told the board that the county probably won’t meet its 2024 goal until the end of 2025. They budgeted a 2% sales tax growth for last year. After only reaching half of that, Bischoff budgeted another 1% for 2025.