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Allentown finance director reports revenues ahead of budget; public-safety spending exceeds targets
Summary
Finance director Miss Patel told the Budget & Finance Committee that December monthly and quarterly reports show general fund revenues about 4% above budget while police, fire and EMS spending exceeded budgeted levels; the city’s cash balance and investment returns were also summarized.
Miss Patel, the city finance director, told the Allentown Budget & Finance Committee on Jan. 23 that the city’s December monthly and quarterly reports show revenues running stronger than planned and a cash balance providing operating flexibility.
The finance director said the city’s general ("journal") fund was budgeted at about $146 million and came in roughly 4% higher, at about $152 million, driven by stronger earned-income tax receipts, business-privilege taxes, permit and license receipts, EMS transit fees and better-than-expected investment income. She said about 70% of general-fund revenues come from taxes; the transcript lists city real-estate tax at $38.6 million, earned-income tax at $45 million, business privilege tax at $12.7 million and transfer tax at $2.4 million, with roughly 14% from intergovernmental sources including…
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