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Treasurer reports firm cash position; board hears potential state budget and power-plant tax changes that could affect district revenue
Summary
At the April 8 meeting the district’s finance presentation showed nearly $11.6 million in cash and stronger-than-expected TIF receipts. Staff warned of pending state budget proposals that could reduce ‘guarantee’ funding and described House legislation on power-plant taxation that could allow the district to negotiate with Vistra over payments.
The district’s finance update at the April 8 board meeting reported nearly $11.6 million in general-fund cash (about 157 days of operational expenses) and stronger-than-projected interest income and TIF receipts.
The treasurer noted year-to-date interest income approaching $60,000 and explained that some advances from Hamilton County will be itemized at settlement; a larger-than-expected TIF payment increased local receipts beyond the spring estimate.
Board members discussed two pieces of pending state legislation that could materially affect district revenue.…
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