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Greeley finance staff report tighter revenue outlook, grant cancellations and audit schedule
Summary
City finance staff gave a quarter‑one briefing that showed a mixed picture: cash and investments are higher than budgeted and producing interest income, but sales‑tax collections and new‑construction revenue are tracking below the 2025 budget and several anticipated grant awards were cancelled or revoked.
City finance staff gave a quarter‑one briefing that showed a mixed picture: cash and investments are higher than budgeted and producing interest income, but sales‑tax collections and new‑construction revenue are tracking below the 2025 budget and several anticipated grant awards were cancelled or revoked.
Robert Miller, division treasurer, told the council the city had roughly $346 million in cash and investments as of March 31 and recognized $3.8 million in interest earnings year‑to‑date, with a projected total interest income above $13 million for 2025. At the same time, Miller said sales‑tax collections are running about 4% below 2024 levels in the early collections and that new…
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