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Committee notes roughly $194,000 state adjustment for business overpayment
Summary
Staff told the committee the state sent a notice to offset a business overpayment of about $194,000; that refund will be split among funds and removed as an overpayment refund rather than new revenue.
Mark reported the state issued a bill to the city to offset a business overpayment estimated at $194,000, which will be removed from city accounts and split across several funds.
Michelle and other committee members said these tax refunds and amended certificates stem from outside offices and are not directly controlled by city administration; they strengthen Fund 203 and allowed some previously cut items to be restored.
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