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Council hears staff projection of smaller ending fund balance, warns property tax revenue will be constrained
Summary
Finance staff and council members reviewed projected year-end fund balance and warned that property-tax revenue restrictions will constrain future budgets; council discussed options including cuts and voter approval for rate changes.
City finance staff told the Port Arthur City Council on Thursday that the estimated ending general fund balance for the current year is $18,062,689, down from the 2024 audited balance of $25,662,689 and driven in part by enterprise subsidies and prior-year expenditures.
Council members flagged two revenue risks for the coming year: a statutory reduction in the city's allowable property-tax growth…
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