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Montgomery City projects $2.8M revenue surplus as tax streams show mixed trends
Summary
At a Montgomery City Council meeting the mayor reported that overall revenue is about $2.8 million over budget as of February 2025, citing near-breakeven sales and use tax, a sharp February drop in lodging and gasoline taxes, and an expected $2.75–3.0 million boost to reserves by fiscal year-end.
Mayor (name not specified) reported a mixed financial picture for Montgomery City during a council meeting, saying overall revenue was about $2,800,000 over budget as of February 2025 while some tax sources weakened.
The mayor said sales and use tax revenue is “trending near breakeven,” with the growth rate for the month of February about 0.5% compared with the same month in the previous fiscal year and year‑over‑year collections “a little bit more than 1%.” He listed household spending pressures and rising goods prices as factors holding back revenue.
Lodging tax revenue declined significantly in February, the mayor…
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