The Town of Arcade ended last year in the black, netting over $163,500 in revenues over expenses. The town’s total reserve balance is now $565,000 which is more than one full year’s expenses.
Arcade got a boost in revenues from higher than anticipated sales tax income and more alcohol beverage taxes. But the town took in $50,000 less than anticipated in police fines. Overall, the city had $30,500 more in revenues than it had budgeted.