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Hickory Finance chief reports stronger-than-expected revenues, rising residential permits in Q2
Summary
City CFO Rodney Miller reported midyear financial results showing $47.6 million in general fund revenues through Dec. 31, 2024, increased building-permit activity—particularly residential—and higher investment yields; council discussed property tax timing and bond debt payments.
City Chief Financial Officer Rodney Miller told the Hickory City Council on Tuesday that the city’s general fund recorded about $47.6 million in revenues and $48.1 million in expenditures through Dec. 31, 2024, in the second-quarter financial report for fiscal year 2024–25.
Miller said the city’s annual general fund budget is roughly $86 million and noted two reasons the year-to-date report shows expenditures exceeding revenues: property tax receipts are received largely in January (about $8 million expected beyond the report period), and the city made principal payments…
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