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.
“Scottsdale isn’t just holding steady — we are accelerating,” Mayor Borowsky said.
“When you see sales‑tax growth like this across construction, dining, entertainment, and other key sectors, it tells a clear story: residents and visitors believe in this city. Our businesses are thriving, our amenities are in demand, and Scottsdale continues to shine as a premiere destination to live, work, and invest.”
The City Treasurer’s report pointed to broad‑based economic momentum, noting:
- Construction, Dining/Entertainment, and Other Activity categories all exceeded budgeted expectations.
- State shared revenues remain 6% above budget, despite a one‑time distribution adjustment in December linked to statewide allocation corrections.
Meanwhile, Scottsdale’s financial picture is further strengthened by General Fund expenditures coming in 4% below budget, thanks to personnel savings and timing in commodities and capital purchasing.
Mayor Borowsky says the combination of strong revenue performance and conservative, disciplined spending are hallmarks of common sense leadership at City Hall.
“This is what responsible governance looks like,” she said. “We’re bringing in more revenue than expected, we’re spending less than planned, and we’re delivering major capital projects without jeopardizing the long‑term stability of the General Fund. Scottsdale residents deserve nothing less.”
Major capital projects — including the Thompson Peak Parkway Bridge over Reata Wash, water‑campus infrastructure, Scottsdale Road improvements, and the Fire Station 606 renovation — all continue to advance with stable funding and no identified risks for the quarter.
“This momentum isn’t accidental,” Mayor Borowsky pointed out. “It’s the result of thoughtful planning, strategic investment, and a community that consistently chooses excellence. These numbers give us a mandate to keep moving forward — boldly, confidently, and with an unwavering commitment to Scottsdale’s future.”