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Toledo finance committee: April revenues roughly on budget as withholding holds steady
Summary
City finance leaders reported April revenue and expenditure results showing overall collections near projections, with withholding — about 80% of receipts — essentially flat and the IRS collections unit performing above expectations.
Director of Finance Melanie Campbell and Tax Commissioner John Zavisha told the Toledo Finance, Debt and Budget Oversight Committee on the monthly meeting that April revenues and expenditures are broadly in line with the city’s budget but that the withholding category warrants monitoring.
Campbell said general fund revenue collections through April — with 33% of the fiscal year complete — were at about 28.5% of the total budget. "At 33% of the year complete, revenue collections for 2025 are at about 28.5% of the total budget," she said. The report shows property tax collections at about 54% (the city received the first-half payments in February) and licenses and permits at 37% of the budgeted amount.
Why it matters: withholding is Toledo’s single largest revenue source. Commissioner…
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