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City reports $150.9M revenues, $149.8M expenditures for fiscal year; investment adviser reports modest outperformance
Summary
City staff reported fourth‑quarter fiscal results showing general fund revenues of $150.9 million and expenditures of $149.8 million; sales tax totaled $47.0 million and property tax collections were $65.9 million. Investment adviser Deep Blue reported the managed portfolio earned $214,816.50 for the quarter and remains in compliance with the city’s policy.
City Finance staff presented the fourth‑quarter financial report for the period ending Sept. 30, 2025, and the city’s investment adviser delivered an investment update during the Dec. 2 Brownsville City Commission meeting.
Financial Services Director Steven Muse reported general fund revenues of $150.9 million and expenditures of $149.8 million, leaving the city with a modest surplus and an audited fund balance that rose to $46.9 million (about 95 days of operating reserves). Muse said sales tax receipts through September totaled $47.0 million and property tax collections totaled $65.9 million. He also highlighted strong building‑permit valuation for the year ($475.2 million), driven in part by new residential and commercial permits.
On investments, Ken Couch of Deep Blue briefed the commission on market context and the city’s portfolio performance. Couch said the actively managed portion of the long‑term portfolio earned $214,816.50 during the quarter and outperformed its benchmark by approximately 16 basis points; he described the portfolio as compliant with the city’s investment policy and the Public Funds Investment Act.
Commissioners asked clarifying questions about revenue trends, veterans‑bridge payments and traffic metrics that affect certain revenue streams; staff agreed to add some clarifying totals to future presentations for easier comparison. The commission moved and voted to acknowledge both the financial report and the investment report.
