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Leon Valley presents mid‑year financial report: property and sales taxes roughly on pace; land sale boosts miscellaneous revenue
Summary
Finance Director Carol Gehring told council the city is at roughly the fiscal midpoint with property- and sales-tax revenues tracking close to last year; a one-time roughly $2 million land sale accounts for a spike in miscellaneous revenue and water fund expenditures reflect water-right purchases.
Carol Gehring, Leon Valley’s finance director, presented the monthly financial report ending March 31, 2025, noting the city is at or near the fiscal halfway point and that property-tax and sales-tax collections are tracking similarly to the prior year.
Key takeaways from the presentation: - Property tax collections are comparable year-over-year and historically settle near 99% of levy by year-end. - Sales tax receipts are roughly in balance with last fiscal year’s pace;…
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