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City finance reports sales-tax shortfall and cautions on retroactive Anthem claims for self-funded health plan
Summary
Finance staff reported July sales-tax collections under projections and a year-to-date general fund shortfall of about $225,000. City staff also reported an unaudited self-funded health plan cash balance and cautioned that retroactive Anthem claims from a months-long network dispute could increase costs.
Jefferson City finance staff told council members on Monday that July sales-tax collections came in below projections and that the general fund is about $225,000 under budget year to date, while other revenue categories are tracking higher and may offset part of the shortfall.
In a briefing to the council finance packet, staff said sales tax collections in July were roughly $166,000 under projections for the month and that capital improvement and park-dedicated sales tax…
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