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CFO: Davenport’s revenues generally tracking to budget; sewer digester project funded from cash
Summary
CFO Basha Gerlach reported Dec. 31, 2025 year‑to‑date results: property taxes remain the largest revenue source (budget ~$98M, ~$51.5M received), local option sales tax is outperforming projections, ARPA obligations are largely spent with ~$4.2M unspent, and the sewer digester project (~$27M) is funded with cash.
CFO Basha Gerlach presented Davenport’s first monthly finance update on Jan. 8, outlining revenues, expenses, and major capital items as of Dec. 31, 2025.
Gerlach said property taxes are the city’s largest revenue source, noting a fiscal‑year 2026 budget of about $98,000,000 and year‑to‑date collections of roughly $51,500,000. She told the council the city is about $313,000 shy of its projection for that line but described the…
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