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Finance director reports modest revenue gains, VPSA borrowing plan for school construction
Summary
Andrea Light reported first-quarter FY25 revenues are tracking within 1% of budget, sales tax receipts were slightly above last year, and staff is pursuing a VPSA standalone borrowing of about $50 million for school construction; the board asked for follow-up detail on tax-relief amounts and school midyear updates.
Andrea Light, chief director of financial services, presented a short FY25 first-quarter financial review to the Board of Supervisors on Oct. 15. She said general fund revenues are projecting to be within 1% of the adopted operating budget at this early stage; sales tax receipts for the most…
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