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Ways & Means hears W-2 correction update, fourth-quarter financials and Treasurer’s investment report
Summary
Staff updated the committee on corrected 2024 W-2 distribution, presented the fourth-quarter fiscal report (FY2025) with no major out-of-norm deficits, and the Treasurer reported roughly $1.793 billion under management and $18.3 million in first-quarter earnings, projecting $70 million-plus for the year.
Wayne County staff gave several finance updates during the Ways & Means meeting on Wednesday, ranging from corrected W-2 distributions to the county’s investment performance and pending budget adjustments.
On payroll corrections, staff said a firm hired in August is finalizing corrected W-2s for 2024 and that distributions of corrected forms to affected employees are planned by the end of the month.
For the fiscal report, county budget staff presented the fourth-quarter financial report for the fiscal year ending Sept. 30, 2025. Philip Whitfield, budget director, said departments are being…
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