Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Gloucester County reports midyear budget on track but flags slowing revenue growth
Summary
Finance staff told the Board of Supervisors the county’s fiscal 2025 revenues and expenditures are roughly aligned with the adopted budget, but several revenue streams that had seen rapid post‑pandemic growth are leveling off and health insurance and salary pressures remain.
Gloucester County finance staff presented an unaudited midyear financial report to the Board of Supervisors, saying major revenue sources are on track but past double‑digit growth is easing.
The presentation by Miss Keller Williams, the county finance presenter, highlighted that general property taxes make up 61% of general fund revenue, other local taxes 20% and state revenue 12%, and that real estate revenue was reduced in the FY25 budget by $640,000 (about 2%) following shortfalls in FY23 and FY24. "A full copy of the financial statements is provided in the board packet on page 30," she told the board.
The nut graf: the county’s headline message was that current collections and spending through midyear align with the adopted plan, but staff warned several growth drivers that boosted recent revenues — notably lodging, meals and sales taxes and interest earnings — are showing signs of normalization, which will shape budget…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
