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Controller projects $413.4 million year‑end general fund balance; revenues revised upward
Summary
City finance staff told the Budget and Fiscal Affairs Committee the City of Houston expects an ending general fund balance of about $413.4 million for the year ending June 30, 2025, and described revenue and expenditure changes across funds, timing for Dedicated Drainage and Street Renewal Fund transfers and the schedule for OPEB trust deposits.
The City of Houston's controller's office told the Budget and Fiscal Affairs Committee on July 29 that it projects a June 30, 2025, general fund balance of $413,400,000, roughly 16% of estimated expenditures excluding debt service and pay-as-you-go items. Deputy Controller Will Jones said the controller's projection is $8.3 million lower than the finance department's earlier estimate, driven primarily by a lower revenue projection from one category.
The controller reported a net upward revision of $41 million in revenue projection from the prior month. Key line-item changes included a $17.5 million increase in property-tax receipts tied to prior-year adjustments related to TERS '24, a $7.8 million increase in transfers from other…
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