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Fenton reports month of modest revenue gains and strong cash position, finance chair says
Fenton Board of Aldermen Committee Meetings · November 20, 2024
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Summary
The finance committee reported increases in cash and investments and highlighted sales tax and voter-approved revenue streams; staff said the city’s cash and investments total about $11.98 million while some funds (stormwater sales tax) showed year-over-year declines.
Alderman Crutch, chair of the finance committee, told the board on Nov. 14 that the general fund’s recent receipts were led by sales tax and voter-approved funds, with sales tax at $403,840 and combined Prop revenues contributing to about $478,000 for the reporting period. Crutch said…
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