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Bristol comptroller reports stable revenues, clean audit and $43M fund balance
Summary
Comptroller Diane Waldron told the joint City Council and Board of Finance the city’s revenue collections are broadly comparable to last year after late escrow postings, the general fund unassigned balance stands at about 11.6%, and auditors issued a clean (unmodified) opinion on the most recent audit.
Comptroller Diane Waldron told the joint meeting of the Bristol City Council and Board of Finance that tax collections initially appeared behind prior-year pacing but, after accounting for late escrow postings, are comparable to last year. “We are at 57% on the current revenues compared to 66 in the prior year,” Waldron said, adding that with unposted escrow payments included the rate is roughly 65%.
Waldron highlighted several revenue lines: building permit…
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