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Reading: Did you know the City collected $7.2 million more than it needs?
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Portsmouth Pulse > Blog > City Government > Ballot Lowdown > Did you know the City collected $7.2 million more than it needs?
Ballot Lowdown

Did you know the City collected $7.2 million more than it needs?

Editor
Last updated: 2023/10/20 at 10:24 AM
Editor Published October 18, 2023
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Did you know that the City’s budget surplus from Fiscal Year 2023 (that ran from July 1, 2022 through June 30, 2023) was the largest on record at $7.2 million.  That means that the City’s ability to estimate revenues was under by $4.8 million and the City’s estimated expenses for that period were $2.4 million above the actual expenses.

  • Did you know that the Fiscal Year 2023 surplus of $7.2 million is the 10th year in a row that the City missed the mark?
  • Did you know that this means the taxpayer is being overcharged by this amount for services promised and never delivered?

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TAGGED: Budget
Editor October 18, 2023
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