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City projects $135M in general fund revenue; sales tax running above budget through Q2
Summary
Finance staff presented second-quarter FY2025 results showing revenues above budget year to date, a forecasted $9.6 million favorable variance for the year and capital program activity across hundreds of projects; staff reported sales tax receipts outpacing budget and a modest personnel-cost lag of about $2.7 million.
Temple — Finance staff presented the city’s second-quarter financial report on May 15, saying revenues through March 31 outpaced expectations and projecting a positive year-end variance.
The presentation showed general fund revenues of roughly $79.8 million through March 31, about 60% of the roughly $132 million general fund budget, which staff said exceeded the 50% point in the fiscal year primarily because of the timing of property tax and other receipts. The water and sewer fund was at about 46% of its budget and the hotel–motel fund at roughly 28% of budget…
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