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Finance report: Winchester City close to budget targets; stormwater bond proceeds remain to spend
Summary
City finance staff reported fiscal-year collections largely on track, building permits up while stormwater shows large bond proceeds earmarked for projects; staff expects to fully fund a new revenue stabilization reserve.
Winchester City finance staff reported that the city is close to meeting fiscal 2025 budget targets and described several fund-level details, including large stormwater bond proceeds, recent building-permit activity and software-led reporting changes for business-license revenues.
Jerre, a finance staff member presenting the May 31, 2025 report, told the committee the city is within "$30,000 of the budget currently" for personal property collections and that real-estate and meals-tax revenues are performing strongly. Jerre said building-permit activity is up because of four major…
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