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Waco posts $4.2M sales‑tax boost; staff defends reserve use for capital
Summary
An unaudited FY25 fourth-quarter report showed general fund revenues beat budget by about $4.2M driven by sales taxes and investment earnings; staff said they used excess fund balances and reserves for strategic capital and safety investments while keeping reserves above policy minimums.
Colin Booth, the city's managing director of finance, presented the unaudited fourth‑quarter financial report covering FY25 (Oct. 1–Sept. 30) at the Nov. 18 Waco City Council work session and described a year in which revenue outperformed some expectations while staff intentionally drew down excess fund balances to cover capital projects.
Booth told council general fund revenues finished roughly $4.2 million over budget — primarily from higher sales taxes and investment earnings — while expenditures were about $677,000 under budget, producing a net favorable variance of approximately $3.5…
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