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Mableton Q3 finance report: revenues lag projections; expenses kept well under budget
Summary
City manager and finance director told the council the city is running below projected revenue largely because an insurance premium tax will not be collectible until fall, while restrained hiring and delayed leases kept expenditures significantly under budget and left the city with a healthy cash position.
City Manager Michael Hughes and Finance Director Karen Ellis delivered the city’s FY 2025 third-quarter financial report on April 23, telling the Mableton City Council that revenues are running below projections but expenditures have remained well controlled.
Hughes said the city had budgeted nearly $14 million in revenue for the fiscal year but projects collections of about $10 million by year end — roughly 29–30 percent below the budgeted total. He tied most of that gap to an anticipated insurance premium tax (approximately $4.3…
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