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Hanahan financial update: ad valorem timing, Tanner Trail delays and Creekside Park opening set for April
Summary
Finance director reported timing-driven revenue shifts and project updates: Tanner Trail Phase 3 faces federal review delays and added costs, Creekside Park at Stewart Street scheduled to open April 4, and athletic field lighting work targeted during spring break.
Hanahan’s finance director reported to City Council on Feb. 11 that revenues and expenditures through Dec. 31 were “mostly on target,” but a timing delay in ad valorem tax collections made revenues appear $2 million lower than the prior year; the taxes were received the previous week for $4,579,718, the finance director said.
Nancy Grigsby, the city’s new finance director, said legal expenditures to date were over budget by $35,670 and payroll costs increased about $875,000 year over year, driven by higher headcount. The city had expended $2,452,780 on general obligation bond projects through Dec. 31 and $821,107 on other capital work, Grigsby said.
Phase 3 of the Tanner Trail, a federally funded pedestrian project, continues to…
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