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Red Bank finance staff says general fund revenues tracking as expected three months into fiscal year
Summary
City finance staff told commissioners the general fund revenue is at 8% through August and expenditures are at about 17%, both consistent with expectations for the start of the fiscal year; property-tax and sanitation revenues have not yet been posted.
Miss Pickle, a city staff member, told the Board of Commissioners of the City of Red Bank during a work session that the city’s financial picture “is a financial update through August year, so it's just almost 3 months into the year.” She said the general fund revenue is currently at 8% and that this “is what is expected,” adding that the figure…
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