Hemet City Council hears fiscal year 2018-2019 revenues have increased, expenditures down
The Hemet City Council received some “good news” from the city’s finance director Tuesday, Nov. 12, who reported the General Fund revenues in fiscal year 2018-2019 were up 7%, or $2 million, above the projected revenues.Lorena Rocha, city finance director making the fiscal year-end review and quarterly update thorough Sept. 30, said higher revenues were due to increased sales taxes, property taxes and builder development fees. She explained that the year-end report she was making is a preliminary report made by the city’s independent auditors with the final report coming in January or February.In a slide presentation, Rocha showed the increased city revenue totaled $42,979,247 with sales tax collections up by $900,000, property taxes and vehicle in-lieu fees increasing by n