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City reports biennium revenue gains, notes 2024 sales-tax dip; 2025 collections monitored
Summary
Troy, representing the city's finance department, gave the Budget and Finance Committee a year-in-review for the 2023–24 biennium and an update on 2025 year-to-date numbers on March 28.
Troy, representing the city's finance department, gave the Budget and Finance Committee a year-in-review for the 2023–24 biennium and an update on 2025 year-to-date numbers on March 28.
Troy said overall general fund revenue for 2023 exceeded budget by about 11% and 2024 exceeded budget by about 10%, figures he attributed to conservative budgeting in 2022 when a recession had been anticipated. "Overall, we were up, budget to actual for 2023, almost 11%," he said. The staff presentation split revenues into major categories and also noted that many smaller revenue line items are aggregated into a miscellaneous category for presentation purposes.
The finance update also compared actual 2023 to actual…
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