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Davenport finance chief reports $8.7 million year‑to‑date surplus, warns state proposals could limit reserves
Summary
CFO Ghosha told the Davenport City Council the city has collected about $8.7 million more than year‑to‑date budget projections and that the general fund reserve is at the policy maximum of 25%; figures are unaudited, and Ghosha flagged potential state property‑tax changes that could limit reserves.
CFO/Finance Director Ghosha delivered a monthly finance update to the Davenport City Council on Feb. 25, saying the figures presented were unaudited and outlining the city’s revenue and reserve position as of Jan. 31, 2026.
Ghosha said the city’s major revenues show a mixed picture: property‑tax collections are trending lower compared with the year‑to‑date budget (a variance of about $400,000 across funds), while local option sales tax has outperformed by roughly $3,000,000 year‑to‑date. "The city has collected an additional $8,700,000 in revenues when compared to year to date budgets," Ghosha…
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