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Finance staff briefs council on city revenue mix and trends; property tax remains largest single source
Summary
City finance staff gave an informational presentation on Meridian’s fiscal 2024 revenues, describing how ongoing and one-time revenue sources are classified and highlighting trends in property tax, state liquor and sales-tax sharing, and franchise fees.
City finance staff gave an informational briefing on Jan. 28 outlining Meridian’s main revenue sources, how the city classifies ongoing versus one-time revenues and fiscal-year 2024 actual results.
"This is an informational presentation, not looking for direction," the presenter told the City Council. The council was shown that the general fund produced about $101 million in fiscal year 2024. Finance staff split that into ongoing revenues of roughly $65.7 million and one-time revenues of about $35.3 million.
Ongoing general-fund revenues are dominated by property taxes, state liquor revenue sharing, state sales-tax sharing and franchise fees, the…
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