Fairhope revenues up, spending down

The city’s treasurers informed council members Monday that, thanks to deep spending cuts earlier this year and a slight resurgence in revenues from licenses and permits, the city may not end the fiscal year with a deficit as had been expected.

In May, the council approved an amended budget projecting a $146,463 deficit by Sept. 30, the fiscal year’s end.

But on Monday, Rose Fogarty, the city’s financial reporting manager, presented an update detailing successes in implementing more than
$1.7 million in spending cuts.

Fairhope revenues up, spending down