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Finance director: March report shows income-tax uptick and higher year-to-date expenditures
Summary
Finance Director Jim Milton presented the March 2025 financial report showing year-over-year increases in income tax collections and higher year-to-date expenditures; staff cited a March property-tax settlement and early transfers as drivers.
Jim Milton, Bay Village’s finance director, presented the city’s March 2025 financial report to council on April 21, saying municipal income tax collections for March were up 7% compared with March 2024 and that year-to-date revenue and expenditures showed increases.
"Income tax collections are up, 7% compared to the previous year for the March," Milton said during the committee report. He told council that some of the increase in…
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