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City Ends Fiscal Year with $2.5 Million Surplus
Cautioning council not to be "giddy" about the carry over, he reminded the body that "we have a wage re-opener" clause in the collective bargaining agreements. Negotiations for possible pay raises could be reopened in January.
As for the 2013-2014 fiscal year, "We are right on pace in terms of revenue" (collection), Wiliams said, explaining that B & O is a "little behind" and that the sales tax is "ahead" of projections.