The full-year numbers are in for Roanoke’s “Eat for Education” meals tax increase, and they show more money coming in than projected for Roanoke City Public Schools. School leaders hint that they’ll soon be able to present other numbers that demonstrate the money is making a difference. More from News/Talk 960’s Evan Jones.
Here is the information provided by the Roanoke City Finance Department:
Meals Tax & “Eat for Education Update”
Fiscal Year 2011 Unaudited
Prepared by the Department of Finance
Meals Tax Revenue Amounts
FY11 Year to Date (twelve months)
YTD budget for two cent meals tax $4,383,142
YTD actual $4,580,251
Positive variance $ 197,109
Percent variance 4.5%
Commentary: The Eat for Education program exceeded budget estimates in the fiscal year 2011. Funding of $197,109 over the budget amount was generated for Roanoke City Public Schools.
