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Snyder City council approves February financial report showing $819,987 deficit
Summary
The Snyder City Council approved the February financial report, which showed $4.3 million in revenues, $5.1 million in expenditures and an $819,987 deficit; council also discussed higher-than-budgeted community service spending and outstanding façade grants.
The Snyder City Council unanimously approved the city’s monthly financial report for February, the chair announced. The report showed $4,300,000 in revenues, $5,100,000 in expenditures and a resulting deficit of $819,987.
Council members were told the city had collected a three-month sales‑tax total averaging $329,587 and that 91% of budgeted current taxes had been collected through February. The chair…
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