Quick Facts
General Fund cash balance $56,208,288
- 75.1% of budgeted expenditures
- $18,786,594 in excess of 50% reserve level
Income tax revenue was 3.0% above 2018 YTD levels
- Receipts are 6.3% or $1,225,975 ahead of budget
- ComparingYTDMarch2018 versus March 2019:
- Withholding increased 3.5%
- Net Profit revenue decreased 10.8% Individual revenue increased 12.2%
Income Tax Collections
As of March 31, 2019, income tax receipts totaled $20,595,668, an increase of 3.0% over the same time period in 2018. The 2019 budgeted income tax revenue is $85,400,000; JassTek model prediction (based on income tax revenues through February 2019 is $83,262,535.
Download the Complete Report: Q1 2019 Financial Report
