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Midyear report: New Hanover County fiscal results broadly on track; sales tax receipts near budget
Summary
County finance staff reported halfway fiscal-year results showing revenues and expenditures largely favorable to budget, with sales tax receipts closing a small gap after recent months; landfill capital purchases drove higher enterprise expenditures.
New Hanover County finance staff presented financial results for the six months ending Dec. 31, 2024, and told the Board of Commissioners Feb. 18 that revenues and expenditures are generally tracking favorably relative to budget.
Total general‑fund revenues to date were reported at about $235.0 million versus budget expectations near $225.0 million; total expenditures for the six‑month period were about $184.0 million versus a budgeted $199.4 million, producing a favorable variance…
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