Scottsdale revenue up, but so are costs for capital projects

By J. Graber | Scottsdale Progress

Consumer spending is high, filling the City of Scottsdale’s coffers – but the same cannot be said about revenue from construction sales taxes, according to Scottsdale City Treasurer Sonia Andrews.

Between Nov. 1 and Dec. 24, Mastercard Spending Pulse – which tracks all payment methods, not just Mastercard – tracked an increase in total retail spending up 8.5 percent, Andrews told City Council last week.

That spending surge powered a 25% increase in sales tax revenue, or $14.3 million more than the $69.4 million projected for the year in the current city budget.

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