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Hendersonville finance committee reviews July revenues: sales tax and hotel-motel receipts rise; investment income falls
Summary
Committee reviewed first-month fiscal figures showing local option sales tax up roughly $28,000 over last year, stronger hotel-motel revenue, investment earnings down about $10,000, and outstanding capital equipment orders with long lead times for fire apparatus.
The Hendersonville Finance Committee reviewed first-month fiscal reports on Aug. 26 showing mixed revenue signals: local option sales tax and hotel-motel receipts were stronger than a year earlier, while investment earnings were lower and several capital purchases remain delayed by vendor lead times.
Highlights: Jason Gallo, administrative services director, told the committee local option sales-tax receipts were "over last year about $28,000" for the first month of the fiscal…
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