Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Everett reports Q1 revenues above projections, expenditures below budget
Summary
City finance staff told the Budget & Finance Committee that through March general government revenues were about $1.2 million above projections while expenditures trailed budget by roughly $4.1 million; officials said timing and seasonality explain much of the variance and that April quarterly receipts will clarify aerospace-sector impacts.
Everett finance staff told the City of Everett Budget and Finance Committee on May 21, 2025, that general government revenues through March exceeded budget projections by about $1,200,000 while expenditures were roughly $4,100,000 below budget.
The report, delivered by Heidi Brelantes, finance director, and Jamie Lee Graves, assistant finance director, said the revenue uptick was driven largely by timing of operating transfers and stronger business-and-occupation (B&O) tax receipts. "B and O tax receipts through…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
