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Adelanto reports midyear budget improvement; cannabis taxes and permitting revenue beat projections
Summary
City finance staff told the council midyear revenues exceeded projections, citing roughly $1.365M in cannabis taxes, $730K in permitting fees and other one‑time receipts; council received the report and adopted related budget adjustments (resolutions cited in staff text).
The city’s senior finance presenter said midyear revenues exceeded the projections the council set last summer, improving the city's projected fund balance for fiscal year 2020–21.
Senior accountant Derek (speaker 11) told the council the revenue increase reflected multiple sources: “1,365,000 in cannabis taxes and fees,” about $730,000 in elevated permitting fees tied to construction activity, $249,000 in vehicle…
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