The Covington Department of Finance presented its budget for the first half of the fiscal year, showing an increase in revenue at the end of the second quarter, even though a gap in payroll tax revenue due to work-from-home arrangements persists.
Tag: budget shortfall
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Covington lays out programs cut due to budget shortfall
The Covington City Commission discussed the programs and services the city would be unable to fund due to declining payroll tax revenue at their meeting on Tuesday, with the city having to redirect $16.7 million in ARPA funds to maintain basic services.