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County finance director reports higher tax collections and 31% fund balance at year close
2166864 · January 29, 2025
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Summary
Finance staff reported stronger ad valorem and sales tax collections compared with the prior year, general fund revenues up 9.7% for the quarter ending Dec. 31, 2023, and a fund balance of 31% at fiscal year close.
HARNETT COUNTY — County finance staff reported stronger-than-expected ad valorem and sales tax collections and said the county closed the prior fiscal year with a 31% fund balance.
Kimberly Honeycutt, who presented the midyear financial update, said ad valorem tax collections for the period compared to the prior year were 10.32% higher and…
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