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Stanton presents midyear budget update showing modest net improvement driven by investment income and cannabis tax gains
Summary
Finance staff reported a midyear budget update that increases revenue estimates by about $1.1 million (notably ~$618k in investment income) and reduces expenditures by roughly $815,662, offset by some expenditure increases; cannabis tax revenue is trending materially higher year‑over‑year.
Stanton — City finance staff gave a midyear budget update on Feb. 1 that adjusts revenue and expenditure estimates for the current fiscal year, reflecting higher investment income and stronger‑than‑expected cannabis tax receipts.
Staff reported a roughly $1.1 million upward revision to revenue estimates, of which about $617,915 was attributed to investment income. Expenditure adjustments across city…
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