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City finance director reports revenues at 61% of budget; council advised to keep homestead tax credit at 0%
Summary
Director of finance presented the second-quarter fiscal report showing $18,243,670 in revenues (61% of budget) and recommended the city's homestead tax credit remain at 0%, a policy in place since 2019; council asked for follow-up on 'other revenue' and highway user revenue outlook.
Shannon Alib, the city’s director of finance, presented the City of College Park’s second-quarter financial report for the period ending Dec. 31, 2025 at the Jan. 27 council meeting, reporting $18,243,670 in revenues (about 61% of the fiscal-year budget) and $15,822,626 in expenditures (53%).
"So far we have brought in $18,243,670, which is just over 60% at 61% of our budget," Alib said, noting variability in certain categories such as admission and amusement taxes and hotel/motel taxes that…
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