Marana finances in good shape - Tucson Local Media: News

Marana finances in good shape

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Posted: Wednesday, December 11, 2013 4:00 am

In the first quarter of the 2013-2014 fiscal year, town officials said revenue is up during a presentation to the Marana Town Council on Dec. 3.

The first quarter gives the overall revenue, budget expectations and expenditures from the month of July to September. Financial Director Erik Montague gave the presentation, which highlighted the three main sources of revenue for Marana that comes from sales tax, intergovernmental revenue and licenses, permits and fees. 

Overall, the town is where it should be financially, said Montague. A positive surprise came from the sales tax category, which showed an increase in retail by 4 percent – a percentage that has increased over the last two fiscal years. This increase is not including holiday sales such as Black Friday, which has yet to be calculated.

Under intergovernmental revenue the town collected an average of 24.7 percent in revenue from state shared sales tax, urban and auto. Restaurant revenue has increased by 4.2 percent for the first three months over the last two fiscal years. Montague also pointed out a possible increase in rents and occupancies due to the increase in commercial leases. 

Montague also highlighted the increase in single-family residential permits. The town budgeted for 45 permits per month and so far the town is averaging 59. This is a significant improvement from last year, said Montague.

The council also held an open hearing and went on to approve the amendment of an ordinance that will allow for electronic message displays in the town. The electronic signs will allow for businesses to advertise in a more direct and effective way such as displaying current promotions, sales, and public service information. The planning department has met numerous times with businesses in the community to discuss the changes.

Electronic signs will meet specific standards that are recommended by the town and community. The sign must be a permitted ground monument sign or freestanding pole sign and will need to be reviewed and permitted by the planning and building safety department. The sign cannot change more than once every thirty seconds, have no special transition effects, take up only 50 percent of the sign area and must meet a specific luminous intensity requirement.

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