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Finance staff: revenues near budget as conveyance and permits perform strongly; expenditures on pace
Summary
At the Feb. 26 Town Council meeting, finance staff reported year-to-date revenues near budget (about 95.9% through Jan. 31), highlighted strong conveyance fees and building permit receipts tied to recent real-estate activity, and said expenditures sit at roughly 50.5% of budget year-to-date.
Josh, presenting the town's financial update, told the Town Council that as of Jan. 31 the town's overall revenues were “95.9% of what was budgeted,” and that tax collections had climbed from about 96.9% to 99.3% as a second tranche of property taxes arrived in mid-February.
Josh said building permits were at about 98.5% of budget (roughly $837,000 of $850,000) and noted that the Burdis and Cherry development helped lift permit receipts. Conveyance fees were described…
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