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City finance director: first‑quarter FY2026 revenues look ‘where we would expect’ but real‑estate tax timing skews numbers
Summary
Director of Finance Gary Filson presented the FY2026 first‑quarter financial report, noting most accounts are on track and pointing out that timing of property‑tax remittances made revenue percentages appear low on Sept. 30 but rose sharply by Oct. 10.
Gary Filson, the city’s Director of Finance, presented the FY2026 first‑quarter financial report to the College Park City Council, saying the city’s revenues and expenditures generally aligned with expectations but emphasizing that timing differences—particularly property‑tax remittances—produce large swings in quarterly percentages.
“In a perfect world, all expenditures, we would be at 25%,” Filson said, describing the 25% benchmark for the first…
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