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Finance staff report $10.2M general-fund surplus through third quarter; sales tax and interest income up
Summary
City finance staff reported a $10.2 million general-fund surplus through the third quarter of fiscal year 2025, local sales tax up 6.3% year over year and higher interest income across funds; building permits and conference-center revenue were also highlighted in monthly reports. The committee heard the update but did not vote on any items.
City of Franklin finance staff delivered the third-quarter financial report for fiscal year 2025, reporting a $10.2 million general-fund surplus through the period and year-over-year local sales-tax receipts up 6.3%, and noting higher interest income across most funds due to improved investment returns; the committee heard the…
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