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Treasurer: Hollywood Park sets Sept. 16 public hearing on proposed tax rate; treasurer details cash and interest balances
Summary
City Treasurer reported June financials and confirmed the council will hold a public hearing Sept. 16 to discuss and set the 2025 tax rate; the treasurer recited the 2024 rate and a statutory maximum for 2025, and presented cash and interest figures.
City Treasurer (name not specified) reported to the council on Aug. 19 that the city’s combined cash across funds was $9,371,000 and that investment interest year-to-date was about $297,000. The treasurer told the council that for June the general fund recorded $318,000 in revenues and $601,000 in expenses, producing excess expenses of roughly $282,000 for that…
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