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Council auditor flags revenue shortfall, departmental variances and leave-liability questions
Summary
Council auditor Kim Taylor told the committee first-quarter projections show a roughly $5.6 million revenue shortfall, a $9.2 million projected decline in state-shared revenue, debt savings of $14.1 million, and lingering departmental lapses and leave liabilities that warrant further review.
Kim Taylor, council auditor, presented highlights from report number 900 and warned the Finance Committee the city’s first-quarter projections show pressure on state-shared revenue and several department-level variances.
Taylor said overall revenues were projected to be slightly down from budget by about $5.6 million and cited ad valorem receipts as projecting about $5.3 million higher due to final tax-roll collections. She flagged state-shared revenue—largely half-cent sales tax—as trending down roughly $9.2 million, noting the budget office’s rolling projection of state-shared revenue was nearer $120 million for the year. “Most of…
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