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Hopkinsville finance report: payroll tax shortfall, business licenses down, March shows a positive month but pressure remains
Summary
Finance staff told the council March produced a positive month but year-to-date payroll taxes trailed budget by roughly 2.9%; business license receipts are down about $300,000 and municipal road aid and capital funds are running deficits, prompting continued budget scrutiny ahead of May decisions.
Hopkinsville — City finance staff reported mixed March results to the Hopkinsville City Council on April 21, flagging revenue shortfalls that will shape budget decisions ahead of the May 1 deadline.
Melissa Clayton delivered the monthly financial presentation and said "three of the big four" revenue sources are below budget, leaving the city on track to "show a deficit this year." Clayton reported approximately $11,500 in interfund transfers in March (including…
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