Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Graham financial report: general fund deficit in October and near‑10% drop in September sales tax receipts
Graham City Council · November 20, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
City staff reported a general fund deficit of about $741,000 for October (seasonal timing) and said September sales tax collections were down nearly 10% year over year; staff plans budget adjustment recommendations for January 2025 if the decline persists.
City staff presented the financial reports for the period ending Oct. 30, 2024, and the sales tax report for collections in September 2024.
The general fund showed a deficit of just over $741,000 for the month, a seasonal pattern attributed to cash reserves being spent down before property tax revenues are…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
