Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CFO: city revenues ahead of budget; bond ratings affirmed
Summary
CFO Pasha Gerlock reported Feb. 28 financial results showing a roughly $8.7 million positive year‑to‑date variance across major revenues, about $4 million surplus in sales/road/hotel taxes, mixed enterprise fund performance, and reaffirmed bond ratings (S&P AA; Moody’s Aa2).
Davenport’s CFO presented the city’s February 28, 2026 finance update at the March 25 council meeting, reporting overall revenues modestly ahead of expectations and reaffirmed debt ratings.
CFO Pasha Gerlock said property‑tax collections are tracking within 1% of budget and that local option sales tax, road‑use tax and hotel/motel tax combined are about $4 million above budgeted amounts so far. Year‑to‑date major revenues exceed budget by approximately $8.7 million, which Gerlock attributed to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
