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Treasurer: September receipts close budget gap; audit work ongoing
Mayor and Town Council of the Town of Sykesville · October 16, 2024
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Summary
Sykesville Treasurer Craig reported September revenues narrowed the town's shortfall from about $343,000 to about $60,000, driven primarily by $525,000 in real-estate tax receipts and a roughly $40,000 income tax distribution; the audit remains in progress.
Treasurer Craig told the Sykesville Mayor and Town Council that September’s financials improved the town’s position after a larger August shortfall.
Craig said the town’s deficit fell from roughly $343,000 in August to about $60,000 in September, largely because $525,000 in real-estate tax…
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