Headline

Town revenue golden for 2024

La Conner, WALocal News

La Conner is experiencing a financial boon in 2024, with November sales tax receipts soaring to $58,133, bringing the total for the year to over $600,000—98. 5% of the budgeted amount. The town anticipates exceeding its sales tax revenue goals once December's figures are finalized. In addition, hotel/motel tax revenues have surpassed expectations by 33. 3%, totaling $187,102 against a projection of $140,400.

This positive trend is further supported by property tax collections, which are at $124,237, and REET revenue hitting an impressive 167% of projections at $24,342. The utility funds—water, drainage, sewer, and compost—brought in a combined $288,874 last month, showcasing the town's diverse revenue streams and economic vitality. Year-to-date, La Conner has achieved 83% of its projected revenue total, while expenditures remain at a manageable 62% of the budget. Despite challenges such as the absence of nearly $900,000 in public works funding, the town is set to finish the year in a positive financial position. This comprehensive financial overview reflects a vibrant local economy and effective fiscal management.

Read original article here.


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