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Business administrator: district revenue about $5 million above budget; reserves could rise $8'$9 million
Summary
Neil Stevens, the district business administrator, told the board that operational revenue is running about $141 million versus a $136 million budgeted figure, driven by higher personal property tax collections and stronger interest earnings, and that the district could end the year with $8'$9 million added to reserves.
Neil Stevens, the district's business administrator, told the board that operational revenue for the year was about $141 million, roughly $5 million more than the district's $136 million budget for operational revenue.
Stevens attributed most of the variance to higher personal property tax collections…
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