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Mayor: Lebanon City revenues near 56% while expenditures sit near 30% through May
Summary
The mayor reported that through May 31, with about 42% of the fiscal year complete, Lebanon City's revenues are roughly 56% and expenditures about 30%, leaving the city ahead of budget in both categories; council asked about timing of larger expenses such as pensions.
The mayor said the city's budget is tracking ahead of plan through the first five months of the year, reporting that “with approximately 42% of the budget year completed, revenues are not quite 56%, expenditures a little shy of 30%.”
Council members were invited to ask questions; Council member Cornell Wilson asked whether that gap reflects delayed large expenditures later in the year or simply conservative spending. The mayor replied it was “a combination,” citing upcoming larger bills such as pensions and offering to review line items before the Monday council meeting.
No formal action was taken during the pre-council review. Council members were reminded to review the detailed budget materials over the weekend so any follow-up questions could be addressed at the June 22 council meeting.
