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Township reports $2.1 million favorable revenue variance through February; hotel tax dip tied to January storm
Summary
Finance staff reported year‑to‑date revenues of $63.6 million versus budgeted $61.5 million, a $2.1 million favorable variance driven by sales tax and an unbudgeted county hospital district contribution; hotel occupancy tax was slightly below budget due to January weather cancellations.
The Woodlands Township's finance director reported to the board on March 26 that year‑to‑date revenues through February exceed the budget by roughly $2.1 million and that expenditures are underspent versus budget by about $3 million, largely due to timing of planned spending.
Kellen Schall, presenting the financial report through February, said "Year to date budgeted revenue is $61,500,000. Year to date actual collected revenue is $63,600,000 for a year to date favorable variance…
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