During the recent Benbrook City Council meeting on February 6, 2025, the council reviewed and unanimously accepted the financial report for the period ending December 31, 2024. This report highlighted the city's financial health, revealing that general fund revenues reached over $10 million, significantly exceeding expenditures of approximately $6.4 million. This positive balance of nearly $3.8 million indicates a strong fiscal position for the city as it moves forward into the new year.

Key revenue sources included property taxes, which accounted for over $7 million, and sales tax, which, despite a decrease of 18.1% compared to the previous year, still contributed over $1 million year-to-date. The council noted that the sales tax revenue for December was approximately $355,000, reflecting ongoing economic challenges but still providing essential funding for city services.

Expenditures for December were primarily directed towards public safety, which remains the largest expense category at about $1.5 million. Other significant expenditures included infrastructure maintenance and community development, underscoring the city’s commitment to maintaining and improving local services.

The Economic Development Corporation (EDC) also reported revenues of $197,000 for December, with total year-to-date revenues at $610,271. However, expenditures were relatively low, indicating a cautious approach to spending as the EDC works to stimulate local economic growth.

The council's acceptance of the financial report is a crucial step in ensuring transparency and accountability in city finances, allowing residents to stay informed about how their tax dollars are being utilized. As the city prepares for upcoming projects and initiatives, maintaining a balanced budget will be essential for addressing community needs and enhancing the quality of life in Benbrook.