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Limestone County board hears October financials; money-market interest offsets slow tax receipts
Summary
At a county meeting, Kim Hubbard presented October figures showing $1,300,000 in local revenue (about 4% for the month), a one-time property/building insurance payment that skewed expenses, a $500,000 transfer to capital projects, and $292,000 in money-market interest that helped revenues.
At a Limestone County board meeting, Kim Hubbard presented the county’s October financial report, saying local revenue for the month was $1,300,000 — "which is only 4%," she said — and noting a large insurance payment and a money-market interest gain that affected the month’s totals.
Hubbard told the board that expenses in October are higher than typical because the county must pay property/building insurance on Oct. 1, a large outlay that she said skews…
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