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Kalamazoo County midyear financials show seasonal tax timing, strong investment returns
Summary
Administrator Dr. Catlin and Chief Deputy Treasurer Tyler White reported midyear financials: revenues lag property tax timing, expenditures at about 51.6% of budget, and investment returns are outperforming inflation with a projected $7.4–7.5 million in annual investment earnings.
Kalamazoo County officials received a midyear financial briefing July 15 showing revenues and expenditures tracking historical seasonal patterns and unusually strong investment returns.
Administrator Dr. Catlin summarized the county’s midyear position through June 30: general fund revenue collections were reported at about $18.7 million, roughly 19.9% of the amended budget, while expenditures were about $48.5 million, approximately 51.6% of budget appropriations. Property tax receipts are seasonally concentrated later in the year (Q3 and Q4), the presentation said.
Dr. Catlin told commissioners the county had…
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