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DBI reports higher December revenue and preliminary surplus in mid‑year financial update
Summary
Deputy Director Tyrus Madison reported $41.2 million in DBI revenue for July–December 2019, a December spike of $4.3 million, and a preliminary projected surplus of $8.2 million under current assumptions; staff cautioned projections include use of prior fund balance.
Deputy Director Tyrus Madison presented DBI’s December 2019 financial report to the commission, summarizing revenue and expenditures for the first six months of Fiscal Year 2019–20.
Madison said DBI collected about $41.2 million during July–December 2019 compared with $40.3 million in the same period a year earlier. He noted December was an unusually strong…
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