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July financial report: tax collections on track, staff to return with closeout details in October
Summary
City finance staff reported July (first month of fiscal 2026) tax collections and financial activity are tracking close to budget; staff said closeout and year-end transfer projections will be available after the Sept. 17 closeout process and that the administration expects to present final transfer recommendations in October.
City financial staff told the Board of Alders Finance Committee on Sept. 8 that the July monthly financial reports show no unexpected gaps and that overall revenues and expenditures are tracking close to budget early in the fiscal year.
Staff said property-tax collections were in line with…
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