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Mesquite posts $11.3M midyear general-fund increase; council flags spike in medical claims
Summary
Finance director Ted Chen reported a year-over-year increase of about $11.3 million in the general fund cash balance through June and noted higher sales-tax collections. He also flagged a 30% spike in health-claims activity in the group medical insurance fund and an amended-budget transfer of $2 million to offset those claims.
The Mesquite City Council received a midyear financial briefing Oct. 20 in which Finance Director Ted Chen said the city ended the month of June with a general-fund cash balance of about $52.1 million, up roughly $11.3 million from the prior year.
Chen attributed the rise to stronger-than-expected property-tax collections (about $1.6 million above estimate) and a 5% year-to-date increase in sales tax (roughly $1.5 million). He said license, permit and inspection fee revenue rose because of a new…
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