Yes, we all know Hannibal does not have any money. But, just a minute. The financial filings of the city say just the opposite. Now I am not saying that anyone in particular is unethical. But………
Sales tax sources constitute the City of Hannibal’s largest revenue source. The 2014/15 audit year was the single largest sales tax year in Hannibal’s history.
Hannibal actually came in under the allotted budget in 2014/15. The reason less money was spent is 1) The Police department spent $164,141 under budget, and 2) the street department spent $82,857 less than budgeted.
Original Documents are Here