According to the Town of Lovettsville’s May financial report—which details revenues and expenditures for all of Fiscal Year 2020 up to May 31—the town has pulled in more sales and meals tax and utility fee revenue than it budgeted for, even amid the coronavirus crisis and subsequent business closures.
The town has already collected 103 percent of the sales tax revenue it budgeted for, which is about $19,000 more than it generated this time in Fiscal Year 2019. The town has also pulled in 115 percent of the meals tax revenue it budgeted for—about $14,000 more than it generated this time in the previous fiscal year.
The town has pulled in nearly 110 percent of its projected water fee revenue, which comes in to be about $75,000 more than what it generated this time in Fiscal Year 2019. The town has also pulled in about 111 percent of its projected sewer fee revenue—about $120,000 more than what it generated this time in the last fiscal year.