Skip to main content
You have permission to edit this article.
Edit
City to end year with surplus of $6.2 million, mayor says

City to end year with surplus of $6.2 million, mayor says

  • 0
{{featured_button_text}}

The Omaha Finance Department says the city will end the year with a larger surplus than expected because of health care savings.

The Mayor's Office announced Friday that the city expects to end the year with a $6.2 million general fund surplus.

In September, that surplus was projected to be $2.4 million.

In a press release, Mayor Jean Stothert said the city negotiated lower prescription drug, physician and hospital care costs and implemented a wellness program.

Health care savings make up roughly $2 million of the projected surplus, according to the third quarter financial report.

Overall, that and other expenditures are projected to be about $5.7 million under budget.

The Police Department and the account that includes jail costs each are on track to spend about $1 million less than budgeted.

Revenues overall are projected to be about $550,000 over budget. Sales tax revenues are projected to be $2.8 million higher than budgeted. But utility occupation taxes are projected to be $1 million less than budgeted because of a decline in landline usage.

Contact the writer: 402-444-1084, roseann.moring@owh.com

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.

Topics

all

Breaking News

Huskers Breaking News

News Alert