Richardson City Council hears first quarterly budget report for fiscal year 2019-20

Richardson’s latest budget report shows revenue is up in the first quarter of fiscal year 2019-20. (Courtesy Adobe Stock)
Richardson’s latest budget report shows revenue is up in the first quarter of fiscal year 2019-20. (Courtesy Adobe Stock)

Richardson’s latest budget report shows revenue is up in the first quarter of fiscal year 2019-20. (Courtesy Adobe Stock)

Richardson’s latest budget report shows revenue is up in the first quarter of fiscal year 2019-20.

General fund revenue totals $42.3 million, a $4.2 million increase year over year. The general fund pays for basic city services, such as public safety, parks and administration.

Property tax collections account for $27.4 million of the general fund, up slightly from last year’s collection, Richardson Budget Officer Gary Beane said during a Feb. 12 City Council meeting.

The increase is indicative not only of growth in the tax base, but also the timing of receipt of large tax remittances from mortgage companies, Beane said.

Three months into FY 2019-20, sales tax collections total $7.3 million, about $131,000 more than this time last year, Beane said.


General fund expenditures so far this year total $43 million, Beane said. Costs related to recovery from the Oct. 20 tornado total $876,000, he added.

The city’s remaining funds are performing as expected, Beane said. Revenue is up in the city’s water and sewer fund as well as in its solid waste services fund. More revenue derived from the city’s hotel/motel tax levy has been collected so far this year than in FY 2018-19.
By Olivia Lueckemeyer
Olivia Lueckemeyer graduated in 2013 from Loyola University New Orleans with a degree in journalism. She joined Community Impact Newspaper in October 2016 as reporter for the Southwest Austin edition before her promotion to editor in March 2017. In July 2018 she returned home to the Dallas area and became editor of the Richardson edition.


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