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City manager reports March revenues, CD roll plan and temporary hiring freeze
Summary
Finance staff reported $4.74 million in property tax receipts (95% collection) and $883,000 in sales tax through March; staff plan to move two CDs totaling $114,721 into reserves when they mature and the city will hold several vacancies to help manage spending for the rest of the fiscal year.
City finance staff reported March revenue figures and investment plans and the city manager announced a temporary pause on filling some vacancies to manage expenditures.
Assistant City Manager for Financial Services Miss Campbell told the council that, as of March 2025, the city had received $4,740,000 in property tax revenue, which she said equates to roughly 95% collections and is higher than the 91% collected at the same time in 2024. On…
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