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City Revenues Exceed Projections

Cheyenne City Hall (Doug Randall/TSM)

Cheyenne Mayor Rick Kaysen says city revenues are continuing to run well ahead of projections for fiscal year 2013. Kaysen says sales and use taxes and building permit fees are the primary drivers of the revenue increase, although property taxes and vehicle taxes are also above expectations. Kaysen says actual revenues for the first four months of the fiscal year totaled about $15.7Million, compared with projections of $14.6 Million.

Kaysen says sales and use taxes are running $300,000 ahead of forecast for the fiscal year, indicating the local business community is doing better than expected. Building permit fees for the year are running around $540,000 above forecast. Kaysen says the stronger than expected revenues combined with city expenditures that are $ 700,000 below forecast. add up to a stronger than expected overall budget picture for the fiscal year, which began on July 1.

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