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Cedar Park Type B reports stronger-than-expected sales-tax receipts through second quarter; budget remains conservative
Summary
Type B staff reported on May 13 that fiscal-year 2025 sales-tax receipts were above year-to-date budget projections through both first and second quarters, while project and debt spending tracked to budget timing.
Erica Solis, a finance department presenter, told the Cedar Park Type B board on May 13 that the corporation’s fiscal 2025 revenue budget is $11,500,000 and the expense budget is $13,700,000, primarily for projects approved during the budget process.
"Our fiscal year 20 25 revenue budget is $11,500,000, mostly comprised of sales tax collections," Solis said. She reported sales-tax collections of $3,200,000 through Dec. 31 (end of first quarter), which she said was 8.7% over…
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