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Despite a decrease in sales tax revenue due to the coronavirus pandemic, Pearsall city councilors learned last week that the city remains on track for a balanced budget after the first quarter of the 2021 fiscal year.
“We are trending well,” Finance Director Santos Alarcon said. “We are hitting the budget as anticipated. We did budget conservatively.”
In his presentation to councilors during a meeting Tuesday, February 9, the finance director said the city has received $628,000 of the budgeted $2.038 million of sales tax revenue. He added that sales tax revenues were two months behind.
“Hopefully we go throughout the year and will continue to hit budget,” Alarcon said. “If the projected will not hit the budget, I will trend out and get numbers.”
The finance director attributed the apparent fiscal success to an increase in utility rates.