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County projects a positive general-fund variance in second-quarter budget report
Summary
The County Executive Office reported a second-quarter FY2024-25 status showing a projected ~$11.9 million general-fund surplus driven by higher property taxes and transient-occupancy tax revenue, while specific departments (parks, sheriff) showed reportable variances.
County staff presented the second-quarter fiscal-year 2024-25 budget status report on March 4 and told the Board the general fund is projected to end the year with an approximately $11.9 million positive variance.
Finance staff said higher-than-budgeted property tax growth and a recent transient-occupancy-tax rate increase (to 14% in January)…
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