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Finance director reports revenue gains in 2024; income tax and property tax receipts increase
Summary
Finance Director Jeremiah presented the city's Q4 2024 financial summary: general fund revenue was just over $14 million, income tax receipts rose to $8.1 million (up 9.6% vs. 2023) and property tax receipts were reported just over $4.6 million. The council received the report by voice vote.
Jeremiah, the city’s finance director, presented the Q4 2024 financial summary to the Wyoming City Council on Jan. 21, reporting overall revenue gains and underspending in several fund categories.
Jeremiah reported general fund revenue of just over $14,000,000 for 2024, with the largest sources identified as property taxes and income taxes. He said income tax receipts increased 9.6% from 2023 — from just under $7.4 million in 2023 to $8.1 million in 2024. Property tax…
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