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Lancaster reports third-quarter finances largely on track as timing of October payments changes year-to-date percentages
Summary
Director Tina Campbell told the finance committee that through Sept. 30 the city’s combined funds were about 73.4% of budgeted revenue and 57.2% of budgeted expenses, noting that large October debt and pension payments materially increase year-to-date spending percentages.
Lancaster City Director of Finance Tina Campbell told the finance committee on Nov. 3 that the city’s financial statements through Sept. 30 show the municipality generally in line with expectations.
Campbell said combined expenses for all funds total about $157 million for 2025 and that, as of Sept. 30, revenues are at about 73.4% of budgeted totals while expenses are at about 57.2%. She emphasized those expense percentages do not include large annual payments — most notably debt service and…
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