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Revere treasurer reports favorable January balance but warns five-year forecast impacted by property-tax changes
Summary
Treasurer Berdine reported a near-$700,000 favorable position through January, detailed donations and purchase orders, and presented a five-year forecast projecting a multi-million-dollar reduction in projected cash largely tied to state property tax reforms; the board approved the treasurer's package by roll call.
Treasurer Mr. Berdine presented the financial package and a five-year forecast at the board meeting.
Berdine said the district's financial report through January showed a favorable position of just under $700,000, including roughly $300,000 in additional tax receipts that resulted from a post-settlement payment from Summit County. He reviewed purchase orders (three out of sequence), asset…
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