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Allentown reports modest revenue growth and multiple fund savings in interim December/January reports
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Summary
Finance staff told the Budget & Finance Committee December 2025 showed general fund revenues up about 3% at roughly $152 million and several funds reported expenditure savings; premium pay and investment positions were detailed and staff said final year-end adjustments will appear in a subsequent version of the report.
City finance staff presented interim December 2025 and January 2026 financial reports to the Allentown Budget & Finance Committee, reporting modest revenue strength and several expenditure savings across funds.
Director Patel said December revenues were approximately 3% stronger, with general‑fund revenues around $152 million against an adjusted budget of $154 million, producing roughly a 4% savings in spending when accounting for rollovers and timing. She listed major revenue contributors as earned income tax, business license fees, charges for services and investment income.
Patel also reported premium-pay totals near budgeted amounts: police and fire premium pay each came in at just over $3 million, and EMS was just over $1 million. The general fund’s cash position at year‑end was reported at about $39.8 million, with the bulk invested in a pooled trust yielding roughly 3.74–4.35% APY; the city also keeps liquid balances in TD Bank for vendor payments and payroll.
Other funds showed mixed results: solid-waste revenues were in line with expectations, stormwater revenues were slightly stronger than projected, the rental unit fund reported a 19% increase in revenues (attributed to billing timing), and a new bidding/quote fund for building-codes activity reported initial revenues and expenditures.
City Controller (speaker 7) cautioned that January typically shows an expense/revenue imbalance and emphasized the need for a healthy fund balance to bridge early-year cash flows until property-tax collections arrive in late winter.
What happens next: staff will circulate version 3 of the December report after closing vendor payments and will include deed-transfer tax reporting to the housing fund in the February materials.
