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City manager reports positive income-tax trend, updates on public power and bond plans
Summary
City Manager Matt Lasco reported income-tax receipts were 10.8% higher through March than the same period in 2024, a first-half real-estate tax settlement $112,000 higher, an ongoing public-power rate study and upcoming bond issuance related to a third transformer.
City Manager Matt Lasco provided the council with an operational and financial update at the April 8 meeting, reporting improving income-tax receipts and developments for the municipal electric utility.
Financials: Lasco said income-tax receipts through March were up 10.8% compared with the same period in 2024, totaling about $1,275,000 and representing roughly $135,000 more than the prior year at this point. He cautioned that it was too early to call the increase a sustained trend and said staff would have a better sense by June. Lasco also reported the city’s first-half real-estate tax settlement was…
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