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Shelby council reports stronger-than-expected income-tax receipts, approves appropriation changes
Summary
Councilman Martin told the Shelby City Council that August income-tax collections outpaced last year and move the city toward a $5 million projection; council approved amendments to annual appropriations to allocate donations and higher revenues to parks, DARE programming and equipment.
Councilman Martin reported to the Shelby City Council that the city’s combined cash position remains healthy, with the general fund’s cash balance stated at $2,100,000 and the treasury at about $15.754 million. He told the council that August income-tax receipts were $3,964,000, a sum the council was told surpasses last year’s September totals and helps push the city toward a $5,000,000 projection for the year.
The council moved to receive and…
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