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Rock Island reports third‑quarter 2025 finances on track but flags use‑tax shortfall
Summary
City finance staff told the council that third‑quarter 2025 revenues generally tracked benchmarks — sales tax exceeded expectations while use tax is projected about $800,000 short — and outlined fund‑level variances and one reporting error in wastewater net position.
City finance staff presented the 2025 third‑quarter financial management report on Jan. 13, saying overall revenues and expenditures were largely on pace but noting material differences among specific funds.
The report, presented to Mayor Ashley Harris and council members, showed general fund revenues at roughly 72% of the annual budget with expenditures at about 64%. Sales tax receipts were above budget — reported at 116.2% of expected receipts — while use tax revenues lagged, the presenter said, projecting…
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