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McAllen commission approves mid‑year budget adjustment after finance staff reports $7.6M net revenue gain
Summary
City staff reported a roughly $7.6 million net revenue increase driven by higher sales tax and property tax receipts and updated fund balances; the commission approved a mid‑year ordinance to reflect those changes.
City staff presented a mid‑year budget adjustment showing improved revenues and asked the commission to adopt an ordinance updating the budget.
Staff highlighted several revenue changes: sales tax revenue showed an increase of about $1.4 million and ad valorem (property) tax revenue was up about $1.6 million; anticipated sale‑of‑property proceeds tied to an unsold parks parcel were reduced by $2.6 million. Staff reported a net revenue increase to the city of approximately $7.6 million while expenses increased by roughly $27,500. (Speaker: Staff member)
The presentation emphasized active cash management and investment decisions that produced stronger interest returns for the development corporation fund. Commissioners thanked the finance team and, after questions, moved to approve the ordinance authorizing the mid‑year budget adjustment. The motion carried. (Speakers: Staff member; Chair)
The approved ordinance directs staff to update fund balances and implement the line‑item changes described in the presentation; no roll‑call tally was provided in the transcript excerpt.
