Summary
The FY25 Q4 Quarterly City Managers Report (QCMR) projects increased General Fund revenues and increased spending compared to the approved FY25-29 Five-Year Plan, but a $46M decrease in revenues compared to Q3, with lower expectations from the Real Estate Tax and Sheriff fees. Overall, the City anticipates $384M more in revenue than FY24, driven by increases in Real Estate, Realty Transfer, and Wage Tax collections. In July, after the close of FY25 Q4, PICA approved the City’s FY26-30 Five-Year Plan.