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Finance director reports $79.3 million in tax collections, audit yields refunds and additional revenue
Summary
Finance staff reported $79,309,403 in tax collections for the fiscal year — $1,000,355 over budget — and said an audit identified duplicated declarations that resulted in a $202,057 refund and roughly $400,000 in additional revenue.
The town’s finance representative reported that tax and assessor offices collected $79,309,403 in revenue this fiscal year, exceeding budget by approximately $1,000,355. The department credited a business audit that identified reporting errors; after issuing a refund of $202,057 for duplicated declarations, the audit still generated about $400,000 in additional revenue for the town.
The finance speaker also announced the hire of assistant finance director Megan Giuliani, who began last Monday, July 13, and thanked staff in the tax and assessor’s office for the work that produced the positive outcome. The town will incorporate these results into its year-end accounting and present budget adjustments for council review at the next meeting.
