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City manager frames budget as "revenue driven," urges a "maintain year" approach
Summary
City Manager Tom Daugherty told the Fairview Board of Commissioners the fiscal plan will be conservative after years of strong growth, citing a leveling of sales-tax receipts, a 60-day lag on local option sales taxes, strong building-permit revenues, and a recent state excise tax change.
At a Fairview Board of Commissioners budget workshop, City Manager Tom Daugherty told the board the city will treat the coming fiscal year as a "maintain year," basing the budget on current receipts rather than anticipated spikes. "Our budget is revenue driven," Daugherty said, adding the city will "spike again, but we're not gonna base a budget on what we think."
Daugherty walked commissioners through the city’s three largest general-fund revenue streams: local sales tax, state-shared sales tax and property tax. He said…
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