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Council hears Dec. 2024 financial report: current-year tax collections at $37.5M (56% of budget)
Summary
Town finance staff reported tax collection, bank balances, expenditures and interest earnings for Dec. 2024 during the Jan. 21 council meeting.
Town finance staff presented the December 2024 financial report to the West Warwick Town Council on Jan. 21, reporting current-year tax collections, prior-year receipts, bank balances and interest earnings.
Current-year taxes: Finance staff reported current-year tax collections of $37,530,663.28, representing 56% of the budgeted amount after two quarters of the fiscal year. The presenter noted that some taxpayers pay annual bills in full when received, which can…
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