Mayor Arrigo Announces City Treasury Online - A Monthly, Public Report of Revere Revenues
August 15, 2018
Today, Mayor Brian Arrigo announced that the City of Revere will establish, City Treasury Online, by publishing monthly revenue reports at Revere.org creating a more transparent government. Currently, the treasury reports are produced monthly by the Office of the Treasurer and delivered to the city council - the reports show a line by line accounting of city revenue receipts by department for each month. Starting in September, at the request of the Mayor, the reports will also show a year over year comparison and a year to date total for each department.
“We are committed to improving city government to be more effective, efficient and responsive to our constituents,” Mayor Brian Arrigo said. “By opening the books and sharing information about our finances we believe public confidence in our work will continue and help us lead our city forward.”
The treasury reports help give the city a better understanding of overall economic development trends as well as a measure to track revenue generating account balances and services to residents and businesses. Now, the reports will give a more complete picture of how the city is performing with indicators for how each department did the same month on year before and include how much each department has brought in year to date.
“These new additional pieces of information that Mayor Arrigo requested as part of the Treasury Reports will better inform our work as we continue to help him move our city forward,” Jessica Ann Giannino Revere City Council President said. “We applaud the administration for this improvement and looking forward to having them more available for the public online in September.”