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Saint Marys treasurer reports 2024 general fund revenue slightly above budget
Summary
The city treasurer reported Jan. 20 that preliminary 2024 general fund revenue totaled about $9 million (102% of budget), expenditures were about $8.9 million (101% of budget), and earned income tax collections exceeded budget at 108%.
At the Jan. 20 Saint Marys City Council meeting the treasurer reported preliminary year‑end figures for 2024 and provided comparisons to 2023 and 2022.
“Total general fund revenue for ’24 so far is at $9,000,000 or 102% of the budget,” the treasurer said, noting the city continues to receive some 2024 revenues into the first quarter of the new year.
The treasurer said general fund expenditures for 2024 were about $8,900,000 (101% of budget). Collections of real estate tax receipts were at about 98% of budget for 2024, while earned income tax collections were at 108% of budget. By contrast, earned income collections were 115% of budget in 2023 and 96% in 2022.
The treasurer also reported that the city’s pension account experienced a market value increase “of almost 10% over the total year,” offsetting a small dip in December.
Council members did not take a vote on these figures; the presentation was accepted as the treasurer’s report and followed by other agenda business.
