Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council receives second‑quarter financial report showing revenues above expectations but sales tax lagging budget
Summary
City finance staff told the council the general fund is on track overall for the first six months of fiscal 2025, with property tax collections near budget and sales tax up over last year but trailing the adopted budget; council approved placing the report off the consent agenda for discussion and then accepted the report.
City finance staff presented the second‑quarter financial report for fiscal year 2025 (Oct. 1, 2024–March 31, 2025) and the Waxahachie City Council accepted the report during the May 20 meeting after a brief discussion.
Finance Director Chad summarized the report, saying overall revenues were performing better than expected and that expenses through the second quarter were in line with budget. He said property tax is the city’s largest revenue source (roughly 40% of the…
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
