Posted by Staff Reports | Oct 27, 2026 | Floyd News, Top Local News | 0 | Stronger sales tax collections, increased water and sewer revenues and rising expenses for open records requests were among the topics discussed as the City of Rome Finance Committee reviewed the city’s July 2026 financial statements during its Aug. 26 meeting. Finance Director Toni Rhinehart presented an overview of the city’s major funds, highlighting revenue trends, spending levels and potential budget adjustments as the city moves toward the end of the fiscal year. Local Option Sales Tax revenue continued to perform well, bringing in $880,000 in July, compared with $849,000 during the same month last year. Revenue from the Georgia Power franchise fee also increased, reaching $3.5 million in 2026 compared with $3.3 million in 2025. However, real estate transfer tax collections were down more than $49,000 from the previous year. Business license revenue also declined slightly, while facility rentals and City Auditorium revenue increased. Rhinehart attributed the auditorium’s improved performance in part to recent cosmetic improvements. Red Speed fines were up from last year, while traditional police fines and interest earned on investments were down. The city continues to earn approximately 3.5% interest on investments. Several departments may require budget adjustments before the end of the year, Rhinehart said. General Administration will need a budget revision because it is currently over budget…
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