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September financial report: town revenue on track but modest sales-tax dip noted
Summary
Finance Director Gabe Buldra reported that year-to-date general fund revenues stood at about $2.09 million (roughly 22% of the annual projection), with a roughly 5% year-over-year decline in sales tax; expenditures are at 22% of budget through the first quarter.
The Pinetop Lakeside Town Council received its September financial report showing the town’s general fund revenues at about $2,094,000 through the first full fiscal quarter, or roughly 22% of projected annual revenue.
Gabe Buldra, finance director, told the council that excluding contingency revenue the town is at about 25.9% of projected revenues for the year and that overall the municipal revenue picture is close to target despite…
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