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Finance update: tax collections tracking ahead; revenues near budgeted levels as spring receipts arrive
Summary
The finance director reported overall revenues at about 95.9% of budget as of January, with tax collections nearly reconciled and building and conveyance fees stronger than a year ago; expenditures were at roughly 50.5% of budget at mid‑year.
The town’s finance director provided a mid‑year financial update showing revenues and expenditures roughly in line with expectations as the spring receipts season begins.
As of January, total revenues were reported at about 95.9% of the annual budgeted expectation; tax collections were cited at 96.9% in the report and later updated in discussion to nearly 99.3% as…
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