Twin Falls City Finances Looking Good
Twin Falls, Idaho ( KMVT-TV / KSVT-TV ) Each quarter the chief financial officer for Twin Falls presents an overview of the finances to the city council. This evening CFO Lorie Race spoke to council members regarding the tax supported funds, including the major revenue source being property taxes. And the three major enterprise funds which are water, waste-water and sanitation. Race explains how the finances are looking so far for the city. “The revenue coming in to the tax supported funds is spot on; our expenditures in the tax supported funds are all at or below the 25% benchmark”, said Race.
Race would like to point out that the revenue is down for property taxes; however that is due to less late and missed payment fees. If you would like to see a breakdown of the city's finances they can be found on the city's website at tfid.org.