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Cedar Park reports stronger-than-expected first-quarter revenues, investment yields
Summary
City staff told the council Wednesday that general fund revenues and sales tax collections exceeded Q1 projections while investment yields rose after recent debt proceeds increased the liquidity portfolio.
Cedar Park — City finance staff reported Wednesday that Cedar Park’s general fund revenues through the first quarter (actuals through Dec. 31, 2024) exceeded budget projections while the city’s investment portfolio grew following recent bond proceeds.
Finance Director Erica Solis told the City Council that general fund revenues totaled $26,000,000 for the first quarter, about 35% of the adopted $78,100,000 budget and roughly 3% above projections for Q1. Ad valorem…
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