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Woods optimistic about city finances

Dunkirk Treasurer Mark Woods called the city’s finances “pretty much on target” during a brief update to the Common Council’s Finance Committee Thursday.

The city had to float a Revenue Anticipation Note in July because, Woods said then, its cash intake would not pick up until at least September. Thursday, he said “there are several sizable revenue streams we are awaiting, which will go to repayment of the Revenue Anticipation Note.”

Woods, a Democrat and city treasurer for more than two decades, faces a re-election battle this month against Republican Ashley Lockett.

Department of Public Works Director Randy Woodbury is ready to send in a Consolidated Local Street and Highway Improvement Program reimbursement to the state, Woods said. That should net the city about $500,000.

Woods added that figures for third-quarter sales tax distribution are not yet known.

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