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DeSoto officials review June 2025 financial report; property tax nearly collected, sales tax lags
Summary
Interim finance director Lakita Sutton told the council the city has collected about 86.7% of general-fund revenue through June, driven by property-tax receipts, while sales-tax receipts trail budget. Council members pressed staff on higher police overtime and how SRO revenues are shown in the general fund.
Interim Finance Director Lakita Sutton presented the City of DeSoto’s June 2025 financial report to the City Council at a special meeting Monday, saying the city is about three quarters through the fiscal year and has collected most property-tax revenue but is tracking below budget on sales tax.
Sutton said the general fund’s adopted revenue budget is $64.3 million and year‑to‑date actual receipts are $55.7 million (86.7% collected at roughly 75% of the fiscal year). Property taxes accounted for $39.5 million year‑to‑date, or roughly 98.6% of the property‑tax budget. Sales tax receipts were $6.6 million, about 57.2% of the budgeted amount, she said. Total budgeted expenditures for…
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