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Argyle MDD reports year-to-date sales-tax receipts of $362,000; incentives spending remains low pending payouts
Summary
At the May 1 meeting the Municipal Development District’s finance update showed year-to-date sales-tax receipts of $362,000, expenditures at roughly $180,000 and a likely large incentive payout later in the fiscal year.
Marissa (Finance Director) reviewed the Municipal Development District’s quarter‑2 financials at the board’s May 1 meeting, reporting year‑to‑date sales tax collections of $362,000 and expenditures near $180,000.
Marissa said the $362,000 total is about 63% of the annual projection and, she said, is roughly 20% ahead of the projection pacing the MDD used. She attributed lower…
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