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FY2026 Q3 Revenue Update
Paul Soldinger, Chief Financial Officer
May 19, 2026
3rd Quarter of FY2026
(Jan – Mar 2026)
Revenue Update
Net Taxable Activity
• Total Net Taxable
Activity for Quarter 3
of FY26 was
$204.5M
• Increased by
$11.9M, or 5.8%,
from the same
period in FY26
3rd Quarter Revenue Update
Total TPT Collections
• Includes all TPT
reporting categories
for all funds
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
4,188,306
4,250,022
4,209,368
-0.96%
2nd quarter
5,403,449
5,035,683
4,831,425
-4.06%
3rd quarter
5,582,509
5,496,543
5,726,149
4.18%
4th quarter
Totals:
Actual TPT Revenues
Actual TPT
Projection
% of Projection
1st quarter
4,209,368
3,843,441
9.5%
2nd quarter
4,831,425
4,549,742
6.2%
3rd quarter
5,726,149
4,892,878
17.0%
4th quarter
4,727,661
Totals:
18,013,722
FY2026 Projection to Actual
Retail Sales
• Includes Local and
Online Retail Sales,
Food and Use Tax
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
2,307,337
2,258,775
2,255,637
-0.14%
2nd quarter
2,654,837
2,639,578
2,654,588
0.57%
3rd quarter
2,945,812
3,001,273
3,140,878
4.65%
4th quarter
Totals:
Retail Sales
Actual TPT
Projection
% of Projection
1st quarter
2,255,637
2,103,817
7.2%
2nd quarter
2,654,588
2,616,341
1.5%
3rd quarter
3,140,878
2,833,986
10.8%
4th quarter
2,706,216
Totals:
10,260,360
FY2026 Projection to Actual
Retail Sales – without food sales
• Retail sales
excluding food tax
may better indicate
local shopping
trends
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY25
1st Quarter
1,858,340
1,817,463
1,848,555
1.71%
2nd Quarter
2,142,377
2,134,130
2,135,426
0.06%
3rd Quarter
2,296,515
2,354,760
2,481,521
5.38%
Retail sales - without food sales
Retail Sales – Remote Sellers
• Remote sales (within
retail sales) may
better indicate
online shopping
trends
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY25
1st quarter
359,792
382,435
446,973
16.88%
2nd Quarter
483,956
468,366
540,542
15.41%
3rd Quarter
455,512
533,043
599,699
12.50%
Total Remote Sellers
Construction
• Includes Prime
Contracting and
Speculative Builders
3rd Quarter Revenue Update
Large Taxable Event & Audit Collection in FY23
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
637,858
582,874
696,692
19.53%
2nd quarter
966,106
745,598
704,959
-5.45%
3rd quarter
811,500
597,941
767,747
28.40%
4th quarter
Totals:
Construction
Actual TPT
Projection
% of Projection
1st quarter
696,692
577,499
20.6%
2nd quarter
704,959
588,569
19.8%
3rd quarter
767,747
599,639
28.0%
4th quarter
610,707
Totals:
2,376,414
FY2026 Projection to Actual
Utilities & Communications
• Includes Water, Sewer, Electricity,
Cable, Natural Gas, and Internet
Services
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
499,547
553,976
533,086
-3.77%
2nd quarter
440,338
456,112
450,222
-1.29%
3rd quarter
366,577
364,324
352,903
-3.13%
4th quarter
Totals:
Utilities & Communications
Actual TPT
Projection
% of Projection
1st quarter
533,086
490,504
8.7%
2nd quarter
450,222
444,726
1.2%
3rd quarter
352,903
378,111
-6.7%
4th quarter
381,906
Totals:
1,695,247
FY2026 Projection to Actual
Real Estate
•
Includes Commercial Rentals (*no
longer includes long-term residential*)
3rd Quarter Revenue Update
February 2025 - First month without long-term
residential rental tax
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
263,394
210,949
143,223
-32.11%
2nd quarter
292,549
304,767
180,773
-40.68%
3rd quarter
494,045
299,016
218,692
-26.86%
4th quarter
Totals:
Real Estate
Actual TPT
Projection
% of Projection
1st quarter
143,223
117,747
21.6%
2nd quarter
180,773
157,363
14.9%
3rd quarter
218,692
242,244
-9.7%
4th quarter
164,090
Totals:
681,444
FY2026 Projection to Actual
Restaurants and Bars
• Includes Local
Restaurants and
Bars
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
252,574
252,750
251,363
-0.55%
2nd quarter
398,130
330,995
341,597
3.20%
3rd quarter
396,098
430,328
448,269
4.17%
4th quarter
Totals:
Restaurants & Bars
Actual TPT
Projection
% of Projection
1st quarter
251,363
273,533
-8.1%
2nd quarter
341,597
311,787
9.6%
3rd quarter
448,269
355,815
26.0%
4th quarter
368,082
Totals:
1,309,217
FY2026 Projection to Actual
Services
• Includes Hotels, Golf,
Tours, and Short-Term
Residential Rentals
3rd Quarter Revenue Update
FY2024
FY2025
FY2026
Change from
FY2025
1st quarter
227,440
390,269
328,474
-15.83%
2nd quarter
650,848
557,727
536,694
-3.77%
3rd quarter
568,398
765,103
796,424
4.09%
4th quarter
Totals:
Services
Actual TPT
Projection
% of Projection
1st quarter
328,474
280,341
17.2%
2nd quarter
536,694
430,956
24.5%
3rd quarter
796,424
483,083
64.9%
4th quarter
496,660
Totals:
1,691,040
FY2026 Projection to Actual
State Shared Revenue
3rd Quarter Revenue Update
General Fund Revenues
• Projected $931K
• Collected $950k*
General Fund Revenues
• Projected $1.17M
• Collected $1.15M
*San Tan Valley began receiving State shared revenues in December 2025, reducing Fountain Hills’ shares of TPT &
HURF revenues
State Shared Revenue
3rd Quarter Revenue Update
Streets Fund Revenues
• Projected $341K
• Collected $358K
Streets Fund Revenues
• Projected $465K
• Collected $477K*
*San Tan Valley began receiving State shared revenues in December 2025, reducing Fountain Hills’ shares of TPT &
HURF revenues
Questions?