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CFO: Atlanta general fund revenues slightly above plan, expenses driven higher by public safety staffing and contracts
Summary
City CFO Hamed Balaji told the Finance and Executive Committee that year-to-date revenues were modestly above budget but that general fund expenses were projected to be about 2.5% over budget, driven primarily by police and fire costs.
Hamed Balaji, the City of Atlanta chief financial officer, told the Finance and Executive Committee on Oct. 29 that year-to-date general fund revenues for the period ended September were modestly above budget, while expense projections had increased, primarily because of personnel and other financing uses.
Balaji said the year-to-date revenue projection was roughly $8 million higher than the budgeted figure, driven in part by stronger-than-expected insurance-premium tax receipts and other revenues; permitting revenue and building rental income lagged expectations. Expense projections were higher by about 2.5…
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