City spends 66% of expenditures budget throughout the third quarter

DAVENPORT—The city council’s finance committee met ahead of council’s Oct. 13 meeting to discuss the third quarter budget and look ahead to the 2022 budget as the annual budget cycle approaches.

The city brought in $2,628,095 in the third financial quarter (June-Sept.), which was 96% of what was budgeted. The city spent just $2,287,688 of its $3,452,495 expenditures budget that quarter.

As is typically the case, property tax revenue was down in the third quarter, as most property taxes are collected in the second and fourth quarters. The city received $167,976 of its budgeted $265,000.

However...