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Authority reports higher parking and property-tax revenues, net operating surplus; affordable-housing trust fund awards noted
Summary
Staff presented March financials showing higher parking and property-tax revenues year-to-date and a net operating surplus driven in part by a land sale. The affordable housing trust fund has issued about $1.33 million across four projects.
Staff presented the authority’s March 31 financials and a monthly financial report. Key points presented by Chris Green included:
- Parking revenues year-to-date: $5.8 million, about $430,000 higher than the prior year. - Property-tax collections: $4.4 million, approximately $1.3 million higher than the prior year; staff attributed the increase to higher assessed property values and timing differences in receipts. -…
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