Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Hanover reports stronger-than-budget preliminary FY2025 results; operating balance to fund FY2026 priorities
Summary
Finance Director Lauren Nall presented preliminary, unaudited FY2025 results showing General Fund revenues about $20.8 million over budget and a projected operating balance of about $40.4 million, with an anticipated fund balance increase to approximately $146.8 million.
Finance Director Lauren Nall presented preliminary, unaudited fiscal-year-2025 operating results to the Board of Supervisors.
Nall said General Fund revenues totaled about $395.1 million against a budget of $374.3 million, producing approximately $20.8 million in favorable variance. The gains were concentrated in general property taxes (about $6 million above budget), delinquent tax collections…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
