General Fund Budget on Track
The city’s projected general fund budget was right on the mark with preliminary year-end expenditures at $103,517,464, less than $140,000 under the actual budget. As a whole, tax revenues increased. Notable was the hotel tax, which saw 9.6 percent growth for a fiscal year haul of $13.66 million. It “finished out June with a bang,” said Jill Taura, Treasury manager. A 17.8 percent increase in the property transfer tax suggests that the housing market is picking up.