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Comptroller: Early property tax payment lifts July revenues; city expenditures tracking near expectations
Summary
At the Aug. 11 Budget Committee meeting, Comptroller Rogers told members July revenues look healthy—partly because an early property tax payment representing nearly one-third of annual levy arrived in July—and said overall expenditures are modestly under budget for the start of the fiscal year.
Comptroller Rogers said the city’s July financial statements show stronger-than-expected revenue early in the fiscal year after the city received its first property tax payment in July. The payments, Rogers told the Budget Committee on Aug. 11, amounted to “nearly a third of the property taxes for the year,” which lifted total revenue to about 30% of the annual budget through July 31. “That’s good news. We’re in good shape there,” she said. The comptroller said the statements compare the 2026 budget next to year-to-date figures and include accruals from the prior year; she said accrual adjustments will be made at April 2026 year-end so…
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