That didnât end up being the case.
âRevenues during FY21 have been extraordinarily better than what we budgeted and significantly better than what we would have normally anticipated in a normal year,â City Manager Pete Peterson said.
Why? Peterson thinks there are a few reasons.
With people being unable to travel, discretionary money traditionally spent elsewhere has gone to local retailers. Stimulus dollars from the federal government and enhanced unemployment benefits have also kept spending levels up, and the state is now in the first full year of new rules for online sales tax collection, which has further boosted revenues.