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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 fluctuate through the year.
Alib told the council that the city typically targets 50% of revenues and expenditures by midyear and that some line items are seasonally skewed. She said admission and amusement tax receipts were low this quarter (one payment of roughly $110,000 compared with prior-year totals) and that hotel/motel tax receipts had come in after the quarter cutoff but pushed the year-to-date total to about $871,000.
On policy, Alib recommended that the council keep the municipal homestead tax credit at 0% — the rate in effect since 2019 — to provide maximal property-tax relief to homeowners. "And after talking to the city manager, we do think that we should still keep that at 0%," Alib said; she added that no council action is required if the council wishes to retain the 0% setting.
Councilmembers asked for follow-up clarifications on what items constitute "other revenue" and whether the state’s highway-user revenue allocation is expected to change under the governor’s upcoming budget. Alib and City Manager Young said they had not yet received formal notice from the state and committed to reporting back with details for the FY2027 budget process.
What happens next: staff will provide a follow-up breakdown of "other revenue" and monitor state communications about highway-user revenue to inform the FY2027 budget cycle. The council did not take formal legislative action on the homestead credit during the meeting; the recommendation was to maintain the 0% rate.
