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Interim finance director: DeSoto fiscal year about 83% complete; sales tax lags at 66.8%
Summary
Interim Finance Director Lakita Sutton reported July numbers showing property tax nearly fully collected (97.2%), general fund receipts at $58.3M of a $64.3M budget (90.7%), and sales tax collections tracking at 66.8% year‑to‑date, a regional trend staff said they are monitoring.
Interim Finance Director Lakita Sutton presented the city’s July 2025 financial report to the City Council on Aug. 18, saying the fiscal year is roughly 83% complete and highlighting collections and department spending.
Sutton reported property tax collections are nearly complete — "we're just about finished collecting those for the year, already at 97.2%" — and said general fund revenues stand at about $58.3 million of a $64.3 million budget (approximately 90.7% collected). She…
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