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Treasurer reports 2024 interest income outperformed budget; attorney general collections cited
Summary
Treasurer Todd Mumpire reported that the city earned $712,045.77 in interest income for fiscal 2024—exceeding a $350,000 budget projection—and provided figures for attorney general collections and income tax trends.
Treasurer Todd Mumpire told the Salem City Council on March 4 that the city outperformed its 2024 interest‑income projection. "In 2024, fiscal year budget projected the city would benefit in interest income about 350 ks. This, I'm happy to report, was exceeded with the interest income coming in at $712,045.77," Mumpire said, describing various moves to higher‑yield certificates of deposit and…
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