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Monthly financial report: Fort Worth projects roughly $8.4 million revenue shortfall; fire overtime, fleet costs and group health drive pressures
Summary
Assistant finance director Christy Liman said a certified-value error and audit adjustments are contributing to an estimated $8.4 million revenue shortfall for the year; the city is enforcing a hiring and discretionary spending freeze while planning transfers to cover department overages.
Christy Liman, assistant director in the Fort Worth finance office, presented the committee with the city's monthly financial report and described revenue and expenditure pressures shaping the budget outlook.
Liman said an error in the certified values report lowered collection capacity by $2.6 million and that property-tax revenue is about $9,000,000 under…
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