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Finance report shows February shortfall; law director flags uncertainty on recreational-marijuana revenue and building department updates announced
Summary
The Elyria finance director reported that in February city expenditures exceeded revenues by $36,440.63 and that general-fund cash has fallen $1,230,751.21 year-to-date.
The Elyria finance director reported that in February city expenditures exceeded revenues by $36,440.63, with revenues of $2,942,349.46 and expenditures of $2,978,790.09. The finance director said the general fund cash balance has dropped $1,230,751.21 over the first two months of 2025. Income-tax receipts were reported about 5% higher through February compared with the prior period, and the director said the city should receive its first of two property-tax distributions in March.
Finance and council members clarified how the property-tax receipts are distributed: the collections are split among four funds…
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