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Shelby reports strong March income-tax collections; council files quarterly financial statements

3087288 · April 23, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Councilman Martin reported higher-than-average March income-tax collections and a nearly $1.9 million cash balance; the council voted to receive and post combined financial statements for January–March 2025.

Councilman Martin told the Shelby City Council the city’s income-tax collections for March approached $1.6 million, a record month that the finance director said is 24% above prior-year pace. He said the city treasury across all funds stood at $15,252,822.

Martin said the city’s cash balance in the general fund was $1,888,651…

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