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Council hears quarterly financial and investment reports showing stable revenue and cash position
Summary
City staff presented the quarterly financial and investment reports through Dec. 31, 2024, showing sales-tax increases year-over-year and a growth in cash-on-hand and TexPool balances; staff expected revenues to track budget through the year.
City staff presented quarterly financial and investment reports on Feb. 3 showing the city’s revenues and cash position through Dec. 31, 2024. The finance director summarized sales-tax and property-tax trends, general-fund and enterprise fund expenditures relative to budget, and the city’s investment holdings.
Staff noted that sales-tax receipts are seasonal and lag by two months; through two months…
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