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Cedar Park reports stronger-than-expected third-quarter revenues and $9.5M in interest earnings
Summary
City staff presented the fiscal year 2025 third-quarter financial and investment report showing general fund revenues above projections, higher sales tax and interest income, and utility fund revenues slightly above budget.
Cedar Park finance staff presented the fiscal year 2025 third-quarter financial and investment report, reporting general fund revenues ahead of projections, strong sales tax performance, and $9.5 million in interest earnings through June 30.
Erica Solis, finance department, told the council the general fund had collected $64.1 million through June 30, about 6% more than projections. Ad valorem (property) tax collections were $30.7 million through the quarter, marginally…
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