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Round Rock council hears quarterly financial report showing $557.8 million invested, mixed revenue signals
Summary
City staff told the council the city’s investment portfolio held $557.8 million as of Dec. 31, 2024, while sales-tax receipts were down year over year after a large one-time adjustment; water, wastewater and stormwater revenues rose after rate changes implemented in November.
Round Rock city staff presented the quarterly financial and investment report for the period ending Dec. 31, 2024, at the Feb. 12 City Council meeting, reporting a portfolio balance of $557,800,000 and continued high interest earnings amid mixed revenue signals.
The report, delivered by Kevin (staff member), summarized economic indicators and city revenues. Kevin said unemployment for December was 2.9% and noted consumer-price metrics: December CPI was 2.9% and the Fed’s preferred PCE metric was 2.6% for December. He told the council the city’s quarter-average…
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