As the end of the fiscal year loomed, Pittsfield City Council members wasted little time on Friday night approving the last of its requests from city departments totaling $1,545,000 in
Director of Finance Matthew Kerwood presented a review of the third quarter of fiscal 2021 to the Finance Committee on Thursday. In the quarter that ended on March 31, the city collected 74.3 percent of its overall commitment on property taxes totaling $59,482,137 and 74.1 percent of personal property taxes at $8,690,148. The city s General Stabilization account is at $4,478,112 and the Public Works Stabilization Account has a sum of $243,633. The Public Works Stabilization Fund was created in October 2019 and is where 25 percent of marijuana tax revenue is deposited. The certified amount of free cash stands at $5.3 million because there were no appropriations from the free cash account in fiscal 2020, Kerwood explained.