Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Finance topic
No spam. Unsubscribe anytime.
Auditor and treasurer report on bed tax, note sale and gas-tax revenue
Summary
The auditor reported $1,080,000 in note proceeds from a sale tied to the city hall property (used to pay off 2025 BANs), RFP dates for urban forestry contracts, and updates on gas-tax and bed‑tax revenue; the treasurer gave year-to-date bed tax and short‑term rental receipts.
Auditor Bilal told council the city sold $1,080,000 in notes related to the property at 2201 Madison Street, and the proceeds were used to pay off 2025 bond anticipation notes that matured July 22. Bilal also outlined RFP closing dates for urban-forestry work and said the city intends to have contracts in place by September 8.
On revenues, Bilal reported the state motor-fuel (gas) tax allocation and said the city is tracking revenues comparable to last year; he emphasized gas tax is a significant share of the budget line that funds central street services. Treasurer reported year-to-date bed tax receipts of $153,997.10, doc tax receipts of $19,857.25 and short-term rental registration receipts of $29,100 year-to-date.
Bilal urged council to proceed with the measures discussed earlier so the city can meet filing and procurement deadlines related to public projects and fiscal planning.
