By Wayne Schutsky | Scottsdale Progress
The City of Scottsdale’s revenues continue to outperform pared-down projections adopted last year, but the city is still taking in less money than it did prior to the pandemic.
But the return of major tourist attractions like Cactus League – and the roll back of statewide COVID-19 restrictions on restaurants – could further buoy its revenue picture in the coming months.
Through the end of February, the city’s General Fund revenues totaled $216.1 million – $21.9 million, or 11 percent, higher than projected in the budget adopted last June.
That budget included around $30 million to $40 million in cuts due to the anticipated impact COVID-19 would have on the local economy, which is heavily reliant on tourism.