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Gaithersburg expecting $4.5M revenue shortfall this year
City plans to use fund balance to help fill the gap
By Dan Schere |
February 19, 2021
Gaithersburg might end this year with about $4.5 million less in revenue than expected, City Manager Tanisha Briley said.
Briley told the Mayor and City Council on Tuesday that through December, Gaithersburg had collected $45.5 million in revenue 66% of the projected total for fiscal year 2021. (The city’s fiscal year runs from July 1 through June 30.)
“At this time, it looks as though we will end this year down around $4.5 million, or 6% below what we budgeted for revenue,” she said.
Briley, who started her job with the city in September, said that when the FY 21 budget was adopted  in June, less was known about the duration of the COVID-19 pandemic. ....

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