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Hickory finance chief reports higher revenues through December, AMI project affects water fund
Summary
Deputy City Manager/CFO Rodney Miller presented the second-quarter fiscal report covering July 1–Dec. 31, 2025, showing general fund revenues (~$51M) exceeding expenditures (~$48M), property tax and sales tax trends, a recent $8M AMI meter project contribution, and an average investment yield of about 3.68%.
Rodney Miller, deputy city manager and chief financial officer, presented the city's quarterly financial report covering the period July 1, 2025–Dec. 31, 2025.
Miller said the general fund carries an annual budget just over $80 million, with roughly $51 million in revenues and $48 million in expenditures reported through Dec. 31. He identified property tax as the city’s largest revenue source and…
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