Arlington Finances Holding Up Well -- Tax Revenues Rise by $381,000; Ending Year with $629,000 Surplus
The Commercial Appeal (2007-Current) › December 03, 2008
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Summary
Despite a drop in development-related revenue, Arlington's finances remained strong in the fiscal year that ended June 30, the town's newly released financial report shows.
Overall, property, sales and other tax revenues were up $381,000 from the previous year and the government ended the year with an operating surplus of almost $629,000, which boosted general fund reserves to $7.5 million.See the full content of this document
Extract
Arlington Finances Holding Up Well -- Tax Revenues Rise by $381,000; Ending Year with $629,000 Surplus
The reserve fund is larger than this year's $5.6 million general fund budget, but Cathy Durant, town recorder...
See the full content of this document
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