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Finance director says Fargo on track for balanced budget; public safety sales tax will change statements
Summary
Susan Thompson, Director of Finance, told the Fargo City Commission that year-to-date general fund revenues through March are slightly below budget but she expects a balanced budget at year end.
Susan Thompson, Director of Finance, told the Fargo City Commission that year-to-date general fund revenues through March are slightly below budget largely because grant timing is difficult to predict, but she expects a balanced budget at year end.
“At this point I don't see anything that is concerning so I'm anticipating that we'll have a balanced budget at the end of the year,” Thompson said during the commission’s regular meeting.
Thompson said the newly approved public safety sales tax, effective April 1, will change how the city’s financial statements appear but should “be a wash” because the additional revenue is expected to cover the…
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