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Fort Worth presents unaudited FY25 general fund report showing revenue shortfall and assigned reserves
Summary
City staff told council FY25 closed with lower-than-budgeted property and sales tax receipts, projecting an ending general fund balance of about $301 million and noting gaps in internal service funds and a shortfall in the group health reserve that staff plan to address with transfers and planned budget actions.
Fort Worth finance officials on Tuesday presented unaudited results for fiscal year 2025 showing the city under-collected on key revenue sources and finished the year with a sizable but constrained fund balance.
Christiane Simmons, chief transformation officer, and Finance Director Reggie Zeno said the city began FY25 with a general fund balance of about $332 million and is projecting an unaudited ending balance near $301 million. "We began fiscal year 25 with a fund balance of 332,000,000," Simmons said during the presentation. Zeno said property tax and sales tax collections were the primary shortfalls.
Zeno gave more detail on the largest categories: the city budgeted roughly $613…
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