January Collections Decrease by 9 Percent Compared to Last Year

The City collected approximately $310.3 million in General Fund tax revenue in January of FY2023, compared to $340.5 million in January of FY2022, a decrease of approximately $30.3 million, or 8.9% according to preliminary collections figures. The decrease in revenue receipts for January of FY 2023, is largely due to a decrease of $13.2 million, or 49.0%, for the Business Income and Receipts Tax.

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