The economy is helping Derby’s fiscal picture

A combination of factors has led to the city of Derby having more money in its general fund balance than originally projected.

It has $1.6 million additional, which is due to a number of staff vacancies, lower expenses and higher revenue from sales and taxes along with franchise fees. In addition, higher short-term interest rates helped.

Those were just some of the many facts Jean Epperson, the city’s director of finance, presented during her annual financial report at the May 14 City Council meeting.