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Lubbock reports late-year sales-tax gains and an unaudited balanced general fund
Summary
City Manager Atkinson told the Lubbock City Council that fiscal-year 2025 ended with stronger-than-expected late-year sales-tax receipts, narrowing an earlier $5.4 million shortfall and leaving the general fund balanced on an unaudited basis after cost-saving measures.
City Manager Atkinson told the Lubbock City Council on Dec. 2 that an anticipated roughly $5.4 million sales-tax shortfall in June narrowed during the final months of fiscal year 2025, with July–September collections outperforming comparable months in 2024.
Atkinson said June projections had shown the “worst of the year,” putting the shortfall near $5,460,000. He said the city then saw stronger actual receipts in July (+$270,000), August (+$462,000) and September (+$629,000) when compared with the prior year. “We did not end up at…
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