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General Fund Hi hli hts for the Month of Januar 1. Overall Revenue was $14,194,320 or 40% of the annual Budget. 2. Property Tax Revenue is $5,256,099, 4% less than previous year. Majority of Property Tax Revenue is received between December and February each year. 3. Sales Tax revenue is more than last year by $415,023 or 12%; however, January collections are slightly less than last year. Continue to be optimistically cautious as sales tax can be volatile and a decrease was anticipated for the 2026 budget. 4. Hotel Occupancy tax revenue has decreased by $235,553 or 36% from 2025 fiscal year. Fluctuation in the carrying balance is due to the allocation to the Chamber of Commerce, a hotelier rebate, and a portion that covers the debt issued to pay for the Civic Center. 5. EMS Fees are down $342,059 or 17% compared to last year. EMS collections are down due to the fourth ambulance for transfers not in service due to staff shortages. 6. Interest revenue is down by $44,293 or 15% from last year. The Fed Fund rates decreased 25 basis points at the end of October with an additional 25 basis points reduction in December. One to two more rates cuts are anticipated in 2026 to bring the fed funds rate closer to a "neutral rate" of 3.00% that neither stimulates nor restricts economic growth. As a result, interest revenue is expected to be less in fiscal year 2026 than 2025. 7. The year-to-date expenditures in the General fund are $10,799,187 or 29% of budget for the 2026 fiscal year. In comparison to last year, the overall 2026 fiscal year expenditures have increased by $341,034. Majority of the increase is attributable to the following: ➢ Fiscal year 2026 includes a 2% cost of living adjustment for all full-time positions. ➢ One-time technology infrastructure renewals recorded in November 2025. ➢ Stipends for EMS, Fire, and Public Works personnel. City of Paris Revenue & Expenditures Summary January 31, 2026 (33% of the year) General Fund 2025-2026 Jan-FY26 Jan-FY25