City releases first quarter financial report
Last updated 5/20/2021 at 1:41pm
DAVENPORT – The city maintained its revenue and expenditures plan in the first quarter to remain in the black, according to the financial report released and discussed at the finance committee’s May 12 meeting.
The committee, which consists of councilmembers Nathan Hansen, Lance Strite and Theresa Telford, was left with only one question.
Strite inquired about the property tax revenue, which has been $2,055 so far…just 0.8% of the budgeted $265,000 for the year. City clerk Dave Leath explained that typically property taxes start rolling in heavily in May and November, so those infla...
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