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Stow City staff say nearly half of current revenue covers operating costs; income-tax timing noted
Summary
A Stow City staff member told council members that almost half of the city’s revenue is used for operating costs and subsidies, mentioning figures of $500,000 and $60,000 and noting income-tax receipts arrive in February. No formal action was taken.
A staff member for Stow City told the council that almost half of the city’s revenue goes to operating costs and subsidies, and mentioned figures of $500,000 and $60,000 while describing the city’s revenue timing.
The comment came during a budget- or finance-related discussion, where the staff member said income-tax receipts typically arrive in February. The staff…
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