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Acton Q3 Financials: Townwide revenues on track; transfer station, commuter lot show higher collections
Summary
Town staff told the Finance Committee that overall revenue and expense collections are near budgeted expectations through March, with notable collection strength at the transfer station and commuter lot and continued vacancies lowering salary spending in some funds.
Town finance staff presented a fiscal third-quarter update to the Acton Finance Committee showing most revenue and expense lines near expected levels while identifying specific enterprise and revolving funds with above-average collections.
Ellie (Finance staff) reported that property-tax receipts were collected at about 75.37% through March and that total revenues collected were $92,733,924 — “which comes to 76.1% of our revenue target,” she said. Net state aid was at 66.78% and local receipts rose to roughly 92%…
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