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Interim finance director: Arlington earned about $39 million in investment returns in FY ’25, cites AP automation and vendor verification moves
Summary
Interim finance director Spencer Slattery briefed council on a consolidated financial stability priority, outsourcing of hotel-occupancy tax compliance and check printing, investment earnings (~$39 million), upcoming projects (Fire Station 8, City Tower moves) and vendor/accounting automation plans (Relish, PaymentWorks).
Spencer Slattery, Arlington’s interim director of finance, presented the quarterly update on the council priority to "preserve financial stability and resilience," detailing operational changes and several near-term projects during the council’s Dec. 9 afternoon session.
Slattery said the city consolidated dozens of business-plan items into the new priority and highlighted several administrative changes intended to improve compliance and efficiency. "We have outsourced the compliance and administration…
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