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Kerrville reports revenues ahead of estimate; property-tax collections and water fund noted in Feb. 25 briefing
Summary
City staff told the Kerrville City Council on Feb. 25 that general-fund revenues are roughly $290,000 ahead of estimates through January while expenses are about $850,000 below budget, and that property-tax collections are tracking slightly above five-year averages.
City staff briefed the Kerrville City Council on Feb. 25 about current-year finances, property-tax collections and the TERS fund, and outlined the budget process and next steps for the audit and budget book.
Julie Behrend, presenting financial reports, said general-fund revenues were about $290,000 higher than budgeted through January and that property-tax collections were about 82% collected through January compared with a five-year average of 79%. On the expense side, she said expenditures were roughly $850,000 under current budget estimates, but cautioned that timing for large maintenance items and street contracts can shift those numbers as the year…
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