Doug Farmen, City Finance Director, reports that the City’s preliminary full year 2011 General Fund sales and use tax revenues were over $24.8 million, an increase of approximately $1.4 million or 5.8% vs. full year 2010 and $1.2 million or 5.2% vs. the 2011 budget. Additionally, Mr. Farmen believes it’s likely that General Fund expenses will be 3.0-3.5% below the final 2011 amended budget. Note that both sets of numbers are not yet finalized for year-end closing nor have they been audited. However, this is certainly good news and in keeping with Council’s well established priority of fiscal responsibility to the City’s tax payers. The full revenue report is attached below.
| 12_dec._2011_revenue_report_1.0_01.24.pdf |
RSS Feed