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March report: Pasco general fund revenue lags cyclical expectations; reserves cover early shortfall
Summary
Interim finance staff reported March general fund revenues at about 7% of budgeted revenues (lower than typical for the period), noted investment income gains and said reserves currently cover a near‑term negative net position; staff expects revenues to pick up in second quarter and will report updated projections then.
Interim Director Garcia presented the City of Pasco’s general fund monthly report for March 2025, telling council that revenues were at roughly 7% of the biennial budget at that reporting point — lower than the seasonal expectation because major revenue streams such as property tax and interdepartmental charges are collected…
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