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CIDC reviews August treasury report and Q3 investment report; sales tax near budget and bond principal noted
Summary
Board members heard an August treasury report showing sales tax revenue of $1,707,984 for the month and year-to-date sales tax of $16,000,558.79 (98% of budget), and a third-quarter investment report showing $449,000 interest earnings and a market value decline to about $39.3 million.
Board finance staff presented the Conroe Industrial Development Corporation’s August treasury report and the third-quarter investment report at the Sept. 24 meeting.
The treasurer’s report for August showed sales tax revenue of $1,707,984 for the month and year-to-date sales tax receipts of $16,000,558.79, which the presenter said was about 98% of the annual budget; staff said an additional roughly…
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