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Capital Improvements Board reports nearly $9 million net revenue for March, driven by admissions and operating taxes

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Summary

The Capital Improvements Board reported net revenues just under $9 million for March 2025, with admissions and operating taxes well above budget and capital outlays below plan.

The Capital Improvements Board reported net revenues of just under $9 million for March 2025, the board heard at its meeting today at Lucas Oil Stadium.

Jim, a CIB staff member who delivered the monthly financial report, said the month’s positive variance—about $13 million above budget—was driven by admissions taxes and operating taxes and by lower-than-expected capital spending. "Admissions taxes were over budget by about $3,000,000," Jim said, and operating taxes were "over budget by $6,000,000." He…

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