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Committee reviews April financials: $415,000 TIF closeout adjustment, rising dispatch costs and traffic fines spike
Summary
Brentwood finance staff told the committee a $415,000 adjustment tied to Tax Increment Financing closeouts appeared in insurance and settlement receipts, East Central Dispatch costs are trending up and one neighboring city has pulled out, and fines rose about 76% amid targeted traffic enforcement.
The Ways and Means Committee reviewed April financial statements on June 5 and heard about several items the finance staff flagged for the budget season: a TIF closeout adjustment of roughly $415,000, an ongoing increase in East Central Dispatch costs and a 76% rise in fines attributable to traffic enforcement efforts.
Michelle, city finance staff, told the committee a…
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