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Fairview finance director reports revenues above prior year but flags possible sales‑tax volume risk
Summary
Town finance staff reported general‑fund revenues of $10,266,900 through March (81% of budget) and flagged that sales‑tax growth may reflect price inflation rather than increased transaction volume, prompting the town to commission sales‑tax source analysis.
Fairview’s finance director presented the town’s monthly financial report for the fiscal year through March 31 at the May 6 council meeting, reporting revenue collections of $10,266,900 (81% of the annual general fund budget) and general fund expenditures of $6,029,407 (48% of budget). The utility fund showed $4,350,782 in revenue collections (43% of budget) and expenditures of $4,822,992 (46% of budget).
Finance staff noted that sales‑tax collections year‑to‑date were up 2.5% over the prior year but cautioned that much of the gain could reflect price inflation rather than higher transaction volumes. Monthly…
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