City Of Camdenton Sees Significant Revenue Increase For 2020

Business COVID 19 Local News Wednesday, September 9th, 2020

The City of Camdenton says revenue has increased significantly since the start of the year.

City Administrator Jeff Hooker says the increase is about 8 ½ percent, which rivals the last major increase seen in the mid-2000’s when Wal-Mart opened up.

He says it is the largest increase since the city began tracking numbers in 1994.

The city’s budget presented to the Board of Alderman at their last meeting shows revenues of $12.3 million and expenditures of $12.8 million for things like public safety and improvement projects.

Hooker says he is working with the city to try and avoid using any reserve funds this year in order to balance the budget.

Business COVID 19 Local News Wednesday, September 9th, 2020

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