The City budget remains on track with its current fiscal year outlook, according to the 2023-24 First Quarter Financial Report presented at Monday’s City Council meeting. The First Quarter Report represents activity from Oct. 1-Dec. 31, 2023; revenues and expenditures are compared against the original budget adopted in August 2023.
All five funds (General, Water and Sewer, Solid Waste Services, Golf and Hotel/Motel Tax) are performing as expected, within budgeted parameters. Staff will continue to monitor current economic trends impacting commercial property values, sales tax trends, and interest rates, not only in regard to the current fiscal year, but toward the development of next year’s budget.
Monday’s presentation: https://richardsontx.new.swagit.com/videos/298369?ts=3794
Website: www.cor.net/budget
