Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Round Rock finance staff report stable revenues, 4.42% portfolio yield through March quarter
Summary
City staff presented the quarter‑ended March 31, 2025 financial and investment report, citing 2.1% citywide sales tax growth, property tax collections at 98.2% of budget, and an overall portfolio yield of 4.42% on $579 million invested.
City finance staff presented the quarterly financial and investment report for the period ending March 31, 2025, reporting generally stable economy indicators, modest sales tax growth and strong investment yields.
Kevin (staff member) said citywide sales tax receipts grew 2.1% year over year through May 2025 and that general fund sales tax (excluding Dell) increased 3.5%. Property tax collections stood at 98.2% of budget, which staff said was on track to meet annual expectations. Building permits and subdivision development fees showed nearly 70% growth over last fiscal year due to timing and activity, Kevin noted.
On the investment side, the city reported a quarter‑ending aggregate yield of 4.42% across roughly $579 million invested, with a weighted average maturity of 189 days, within policy limits. Kevin said the city is using a laddered, safety‑first strategy and has shifted more cash to liquid overnight pools because market volatility has narrowed long‑term opportunities; those pools still earn over 4%.
Council members discussed hotel occupancy and other local indicators; Kevin said Round Rock occupancy rates decreased from about 70% to 65% (December data) and that statewide occupancy was also down. Staff advised the council these metrics will inform the FY2026 budget development process.
The council adopted the quarterly financial and investment report by unanimous vote; Councilor Ortega moved and Councilor Fleming seconded.
