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Finance committee reviews select sales and cannabis tax receipts; county reserves at 13% in February snapshot
Summary
The county finance director reported through March 31 on selected sales taxes (not all county taxes), stating that some lines are under budget due to timing but overall collections exceed conservative budget assumptions; the county’s cash reserves were reported at about 13% as of February with a target of returning to 25% by November 30.
County finance staff briefed the Finance Committee on May 6 about selected sales‑tax revenue (including the county share of state collections and the cannabis tax) through March 31, and provided an update on cash reserves and internal disbursements.
Finance Director Karen (last name not specified in transcript) explained that the report covered ‘‘select’’ sales taxes (primary lines but not every tax the county collects) through March 31; she said the county uses a conservative revenue budget and noted a processing lag (about 90 days) for sales‑tax receipts. The committee reviewed tables comparing fiscal‑year‑to‑date collections against the budget and comparisons of liability months…
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