November Collections Decrease by 6 Percent Compared to Last Year
The City collected approximately $215.6 million in General Fund tax revenue in November of FY2023, compared to $229.5 million in November of FY2022, a decrease of approximately $13.9 million, or 6.0% according to preliminary collections figures. The decrease in revenue receipts for November of FY 2023, is largely due to a decrease of $5.47 million, or 31.7%, for the Business Income and Receipts Tax.
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