City Finances In Good Shape Heading Into Final Quarter Of Fiscal Year

With three months left in the current fiscal year, the city of Mt. Carmel’s budget looks to be in good shape. Finance commissioner Eric Ikemire reports that 81% of the projected revenue has already been collected. He said 64% of the budgeted sales tax has been collected, along with 85% of the income tax, 55% of the projected utility tax, and 72% of the state use tax….

The city’s fiscal year ends on April 30th.