Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Leon Valley finance director reports modest sales-tax gain, flags falling red-light camera revenue and reserve draw
Summary
Finance Director Carol Gehring told the City Council on July 15 that year-to-date sales-tax collections were up about 1.32% compared with last year but below the budget pacing target, and that red-light camera revenue has fallen sharply, prompting staff to draw reserves to cover program costs.
Leon Valley Finance Director Carol Gehring told the City Council on July 15 that year-to-date sales-tax collections are up about 1.32% compared with the same period last year but remain below the 75% pacing target used in the city’s budget. Gehring said sales-tax receipts will be adjusted at year end when accruals are posted and two months of collections are factored in. She also told the council general-fund property-tax collections are about 2% lower year to date but that collections remain…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
