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TIRS fund report: Kerrville board hears May balances; FY25 year-end projection $906,209
Summary
City finance staff reported a May TIRS beginning fund balance of $641,190, property-tax increment collected of $268,263 and projected FY25 ending balance of $906,209; board accepted meeting minutes and asked for further budget materials ahead of August meetings.
KERRVILLE, Texas — Jacob Bogish, finance compliance coordinator for the City of Kerrville, presented the Tax Increment Reinvestment Zone (TIRS) financial report on June 11, showing an FY2025 beginning fund balance of $641,190 and property tax increment revenue of $268,263 collected through May.
Bogish reported interest earned to date of $18,468, bringing total revenue collected through May to $286,731, with an outstanding amount yet to be collected of $79,152.…
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