Excluding Parking Tax, September Revenues up $3 Million from FY2023
The City collected approximately $224.3 million in General Fund tax revenue in September FY2024, compared to $230.3 million in September FY2023. September FY2024 collections were $3.1 million or 1.3% higher when compared to September FY2023 collections minus Parking and Valet Tax revenue. Realty Transfer Tax (RTT) receipts for September FY2024 were $24.9 million lower than in September FY2023. Although a decline in RTT revenue was anticipated, September collections fell short of the City’s cash flow estimates by $2.8 million, or 10.6%.
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