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Lubbock manager says FY2025 sales-tax shortfall narrowed; general fund expected balanced on unaudited basis
Summary
City Manager Matt Atkinson told the Lubbock City Council that an anticipated $5.4 million sales-tax shortfall narrowed to roughly $5.19 million in final unaudited numbers and that spending cuts and other savings should leave the general fund balanced before the formal audit in February.
City Manager Matt Atkinson reported to the Lubbock City Council on Dec. 2 that initial projections of a $5.4 million sales-tax shortfall for fiscal 2025 narrowed to about $5.19 million in the final unaudited figures. The presentation framed the late-year months as stronger than earlier in the fiscal year and credited staffing and spending adjustments for avoiding deficit spending.
Atkinson said the city closed the year with some positive month-to-month actual-to-actual changes: July through September showed consecutive months where 2025 actuals exceeded 2024 actuals, producing increases…
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