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County financial update: property taxes strong; jail medical shortfall of $1.15 million expected
Summary
At a May 13 status meeting, county finance staff presented unaudited second-quarter financials showing 61% of property tax collected, state revenue shares at about 49% as of March 31, improved investment losses, and a $1,153,274 jail medical contract shortfall that the sheriff's office will request from fund balance.
Kootenai County commissioners reviewed unaudited second-quarter financial statements May 13 and were told the county is on pace for property tax receipts but faces a large jail medical contract shortfall that county staff said the sheriff's office will ask the board to cover from fund balance.
"We're currently sitting at 61% of total property tax revenue collected," said Kyle Westerman, who presented the county's unaudited financials. Regarding state-shared revenue, Westerman said that as of March 31 the county had recorded about "49% of our budgeted revenue collected," and he later noted the…
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