Harrisonville’s 2008 financial report
Posted By J.T. on April 21, 2009
Things are pretty much the same as last year. With the current economic situation nationwide, it appears Harrisonville is doing well to remain stagnant. You can view the report HERE.
Local economy - Retail sales growth is anticipated with the completion and occupancy in 2009 of a new grocery store, two drug stores, a gas station/convenience store and fast food restaurant in a new commercial district on the west side. While housing remains stalled in the nationwide slump economic development continues to focus on the creation and expansion of employment opportunities.
The collection of sales tax revenues increased slightly in 2008 compared to earlier years. The revenue has been steady but has shown little overall growth in recent years which will be an area of concern if continued over time since the sales tax is the largest single revenue source to the General Fund, and forms the basis of debt service payments for the Community Center.
The City’s business-type activities (utility funds) showed stable sales and usage, reflecting the community growth patterns. Utility customer and load growth is a key indicator of community financial health as the number of residents is tied directly to available revenues and demands for city services.
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