Reno Tax Revenues Continue Downward Slide

CTAX* revenue collected by the City of Reno chalked up yet another monthly decline in June, down 15% from a year ago (CTAX information is received two months behind the calendar month). This figure is within the budget projections and adjustments that were implemented in January, so the Reno City Council will not need to make any budget changes at this time. However, this is an ongoing concern and could require future cuts in staff and services should revenue shortfalls later in the fiscal year exceed the 15% already figured into the city's budget. July CTAX figures are scheduled for release at the end of September.

Meanwhile, there are things we can do to help ourselves. Foremost among these is to buy local and support merchants who have a vested interest in making our community a great place to live. By buying locally produced food, goods, and services from locally owned businesses, we can stimulate our own economy instead of sending the dollars off to some anonymous corporation, or worse yet, a foreign country to where those anonymous corporations have shipped formerly American jobs.

(*CTAX is a combination of taxes including those on alcohol, cigarettes, property transfers, government services and motor vehicle privileges.)

Source: City of Reno press release.

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