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Cedar Park finance official: sales-tax receipts topped budget; refunding would cost roughly $289,000
Summary
Finance presenter Erica Solis told the board that Type A sales-tax collections totaled $9,370,000 through Sept. 30, exceeding the $8.9 million budget, and that a current bond refunding would not save money and is estimated to cost about $289,000. Staff will continue to monitor opportunities.
Erica Solis, a finance department presenter, told the Economic Development Sales Tax Corporation of Cedar Park that year-to-date Type A sales-tax collections through Sept. 30 totaled $9,370,000, higher than the $8.9 million budgeted figure.
"This chart shows that we collected $9,370,000 of sales tax for Type A through the end of the fourth quarter," Solis said, adding…
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