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City finance staff reports midyear revenue and expenditure patterns; ARPA and tax lines noted
Summary
City finance staff reported second-quarter (through June 2025) results showing most funds near midyear benchmarks, highlighted stronger-than-expected replacement tax and projected surpluses in several tax lines while use tax is lagging; staff offered to provide further ARPA details on request.
City finance staff presented the second-quarter financial management report Monday, telling the Rock Island City Council that overall city finances are generally on pace with midyear expectations but that some revenue lines are ahead while others lag.
Jessica, a city finance staff member, said general fund revenues and expenditures were both near 43% of budget at midyear. She reported income tax receipts at 48.8% of budget with an estimated year-end projection of about $454,000 over budget; replacement tax was ahead at 63.7% of budget. Sales tax trailed the midyear…
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