Village of Williamsburg fiscal officer Mike Murray shared an updated report with members of council during its meeting Thursday, Aug. 13.

With the economic downturn, council members had requested that Murray prepare a “snapshot” of the village financial condition.

“In order for you to get a better understanding of the village finances, I have set the report up in percentages,” said Murray. “I have compared the general fund from 2007 and 2008. The income tax for ’07 and ’08 are also included. In 2007 we had a big year for the income tax, but it was down 3 percent in 2008.”