With revenues tracking slightly low in the first quarter of the 2013-14 fiscal year, the first warning that the city of Dickson could be looking at the need for additional revenue came at Monday night’s Finance and Management Committee meeting. City Administrator Rydell Wesson said the first quarterly report shows revenue to date at about 19 percent of budget, which is down from 21 percent at the same time last year. Expenses remained at about the same point as the previous year at 23 percent. With property taxes just becoming due last month, expenses are out-pacing revenue by about $600,000. Wesson said the final 2012-13 audit should be ready to present to the council next month and will show that the city is “financially healthy and stable.” But Wesson said with various projects under way and being considered, the city is looking at the possibility of needing to increase revenue sometime soon. “We do anticipate an additional need for revenues in the future if we’re going to continue to promote development within the city. We’ve got a lot of projects going on,” Wesson said. He listed the ongoing downtown revitalization project for which the city has received a third grant and applied for a fourth, the Traffic Safety Management plan for Highway 46, Surface Transportation Program matching grants for paving streets and other grants being considered for enhancement projects. Wesson said the city will have to look at future budgets for ways to increase revenue. While the council did adjust the property tax rate from 90 cents to 92.9 cents for the current fiscal year, that was due to an overall decrease in property values seen in reappraisal and did not result in an increase in revenue. In fact, the current budget takes about half a million dollars from reserves to balance.