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Fairview finance director: revenues ahead of prior year but council flagged sales tax volatility
Summary
At the May 6 meeting the town’s finance director reported through‑March revenues at 81% of budget, with sales tax collections up 2.5% year‑to‑date; councilors asked staff to analyze whether recent gains are price‑driven and to forecast risks to collections.
Town Finance Director Steven Venturi presented the town’s financial report for the fiscal year through March 31 at the May 6 council meeting. He said general fund revenue collections totaled $10,266,900 — about 81% of the annual budget and $849,002 higher than the prior year through March. General fund expenditures were $6,029,407, about 48% of budget.
Venturi flagged sales tax as an item for monitoring. Total town sales tax collections (including EDC and CDC portions) to…
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