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Finance director: real-estate receipts slightly below budget; sales tax down about 2%
Summary
Assistant Finance Director Nancy Cooper and incoming Finance Director Melissa reported that Independence’s real-estate tax estimate is about $59,000 below the adopted budget, general sales tax receipts are roughly 2% below expectations and use-tax receipts remain strong following state changes.
Melissa (Finance Director) and Nancy Cooper, assistant finance director, presented the city’s monthly financial overview to the Finance Committee and highlighted several key items: county real-estate tax estimates, sales- and use-tax trends, the start of the Proposition PD sales tax collections and an ARPA transfer to the general fund.
Nancy Cooper told the committee that the county’s real-estate tax billing produced an estimate about $59,000 below what the city had budgeted for fiscal…
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