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Capital Improvement Board reports $7 million net for August; tax and operating revenues above budget for year
Summary
CIB finance staff reported that August 2025 closed with $7 million net of expenses, about $9 million ahead of budget; year-to-date tax revenues were about $12 million (12%) over budget and operating revenues were roughly $9 million (26%) over budget. Capital outlays were under budget by approximately $4.7 million for the month.
Finance staff told the board that August 2025 closed with net revenues of $7,000,000, approximately $9,000,000 better than budget for the month.
Tax revenues for the month totaled just over $14,000,000 (about $1.5 million more than budgeted). For the fiscal year to date, tax revenues are about $12,000,000, or 12%, over budget. Operating revenues for August were roughly $6,000,000, about $2,000,000 (46%) over the monthly budget;…
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