Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee reports mixed revenue results through April; meals and lodging taxes lag budget
Summary
Lynchburg finance staff reported sales and use tax collections were $350,000 above budget through April for fiscal 2025, but meals tax and lodging tax are running below expectations by about $780,000 and $430,000 respectively.
Finance staff told the Lynchburg Finance Committee on June 24 that sales and use tax receipts through April were about $350,000 ahead of budget for fiscal year 2025, driven in part by sports tourism in April, while meals and lodging taxes remain below budget.
The presenter said sales and use tax collections were "slightly above what we expected for April" and that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
