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Roswell CFO reports midyear surplus; parking revenue reduction won’t erase projected year‑end surplus, officials say
Summary
City finance staff reported revenues and expenditures ahead of budget through second quarter, explained a conservative forecast that absorbs recent parking policy changes and reiterated a AAA bond rating on recent borrowing.
City Chief Financial Officer Bill Gottschall told the Roswell City Council on Aug. 11 that the city’s second‑quarter financial results are ahead of plan and that staff expect to close the calendar year in a surplus despite changes to the parking policy.
Gottschall said year‑to‑date revenues are about $1.6 million ahead of budget, driven by roughly $1 million in property tax collections and about $500,000 in sales and use taxes. On the expenditure side, he said departments have managed payroll and operating costs tightly; net, the city is about $2.8 million above budget through the six‑month mark.
Cou…
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