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Lee County finance report: tax sale complete, revenues on track as cannabis tax adds new stream
Summary
The Lee County Finance Committee heard that the tax sale is finished and final distributions are expected later this month; Treasurer Reid Acree said revenues and expenses are on track for the fiscal year, helped in part by new local cannabis-related receipts.
The Lee County Finance Committee met at 9 a.m. and heard that the county’s tax sale is complete and final distribution paperwork is with DevNet, with staff expecting payments around the 20th or 21st of the month. Treasurer Reid Acree said the county remains “right on track” for the fiscal year: roughly one month remains in the accounting year, about 8% of revenue is yet to be collected and roughly 9% of budgeted expenditures remain unspent.
Reid said sales taxes and use taxes are tracking consistently with recent…
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