Dixon’s cash flow booming with our finance director leading the way

January 27, 2024
1 min read

Finance Director Becky Fredericks provided an update to the Dixon City Council on the city’s budget. She stated that expenses are coming in under budget, and the council will soon be fielding budget resolutions to move money around rather than adding expenses. Sales tax revenue has increased by 4.86% compared to the previous year, with the half-percent sales tax for infrastructure increasing by 5.46%. Personal property replacement tax revenue has decreased, but the city had prepared for this and will still exceed budgeted revenue. All property tax revenue has been received, indicating strong financial standing for the city. The council will soon begin budget sessions for the next fiscal year.

Councilman Mike Venier, on behalf of the Dixon Historic Theatre Board, mentioned that the council will hear a State of the Theater address and requested additional financial support for the theater. The council also approved various resolutions, including amending the cemetery and police department budgets, authorizing office hours for federal legislators at city buildings for constituent services, accepting a bid for a flooring project, changing the name of the COVID Relief Fund to the Community Development Fund, and making additional payments to the police and fire pension funds to maintain 100% funding levels.

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