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YORKVILLE – Yorkville city officials are still keeping an eye out for April sales tax and use tax revenue.
Yorkville City Administrator Bart Olson said during the Tuesday, June 23 City Council meeting there was no update on the city's budget amid the novel coronavirus pandemic. He said revenue numbers for April 2020 – including state-reimbursed sales tax, use tax and income tax – have yet to come in for the city.
"That won't be for the next couple of weeks," Olson said.
Olson said he expects to have those numbers in hand to present to city aldermen by the next City Council meeting, scheduled for 7 p.m. July 14 at City Hall, 800 Game Farm Road, and anticipated to be held in person.
The update comes after Olson had said the city received March 2020 sales tax, use tax and income tax revenue figures from the state during the June 9 City Council meeting.
Olson had said the March 2020 consumer sales were actually flat from March 2019, which the city did not expect. He had said income tax and use tax revenue from this year to last year were either flat or coming in below the total from last year, but the numbers generally came in above the city's $3 million in cuts worst-case scenario.
Olson previously said the city was looking at a possible loss of about $1.3 million in the city's fiscal year 2021 general fund. The city's general fund budgeted items includes police, public works and city administration.
City officials said during the June 9 meeting the city is estimating about $500,000 in surplus at the end of the year for the general fund.