Tuesday, March 15, 2011

Revenue up in Gadsden

Most of the city of Gadsden’s revenue sources are up slightly for the first five months of fiscal year, according to a report prepared by city Finance Director Lisa Rosser. Collections through February were $22.35 million. That is an increase of 1.2 percent from last year. It's a positive sign, but the city is quick to add overall revenues are still down $130,000 from fiscal year 2009. Of the city’s four major revenue sources - sales and use tax, occupational license fees, ad valorem taxes and business licenses - Rosser told the Gadsden Times only business license collections were down.

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