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Pembroke Park finance director reports midyear surplus, highlights property-tax reliance and staff savings
Summary
Finance staff reported a midyear fiscal review showing $20.4 million in total 2024 revenues, $9.7 million in year-to-date revenues for 2025 and a midyear surplus of roughly $3 million; property taxes made up the largest share of revenue and most departments are under budget to date.
The town’s finance director delivered a midyear budget review showing year-end revenues of $20.4 million in 2024, $9.7 million in year-to-date revenues for fiscal 2025 (as of March), and an approximate $3 million surplus at midyear.
The presentation noted that property taxes account for the largest share of current-year revenues (the speaker reported that 88% of revenues received to date were ad valorem/property tax receipts), while charges for services — historically the town’s second-largest category — lagged…
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