Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director reports improved sales-tax outlook and forecasts year-end surplus
Summary
Finance Director Scott Pettingill told the City Council the third-quarter financial update shows general fund revenues about $84 million through March and an improved sales-tax forecast that could produce an $820,000 surplus compared with earlier estimates.
Finance Director Scott Pettingill presented the city’s third-quarter financial report, telling the council general fund revenues through the third quarter totaled roughly $84 million (about 60% of the $212 million budget) and that the city’s sales-tax outlook has improved since the last report.
Pettingill said sales-tax consultant projections now indicate a likely combined Bradley‑Burns and Measure B outcome near $100.4 million, creating a possible sales-tax surplus of about $820,000 compared with earlier, more…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
