Howe budget workshop shows projected $268,121 shortfall pending ad valorem receipts
City Administrator Monty Walker presented the proposed budget showing $6.6M revenue vs $6.869M expenditures, leaving an estimated $268,121 deficit that staff expects to cover with ad valorem tax receipts and other incoming franchise revenue; council discussed options and timing.
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City Administrator Monty Walker led a budget workshop showing the city's general fund and enterprise projections. Walker said the overall revenue projection was about $6.6 million while expenditures were approximately $6.869 million, "that leaves us upside down by 268,121," he told the council, and said he expected ad valorem receipts and franchise revenue from BBRT to help close the gap.
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