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Mineral Wells presents FY2026 budget proposal while warning of multi-year shortfalls
Summary
City Manager Jason Weeks presented a FY2026 budget that holds the tax rate effectively flat but projects multi-year deficits unless revenue or expense changes are made; the general fund ends FY2026 with a proposed 28.8% fund balance but long-range projections turn negative in later years.
Mineral Wells — City Manager Jason Weeks presented the proposed fiscal year 2026 budget at a council workshop, saying staff focused the plan on “getting back to the basics, and focusing strictly on public safety, our infrastructure, communications, transparency, and technology.” The proposed budget does not include a tax-rate increase and instead uses the voter approval rate; the presentation projects $57.3 million in total revenue and $61.4 million in total expenditures across all funds for FY2026.
Why it matters: Weeks warned the council that while the proposed FY2026 budget would leave the general fund above the city’s 25 percent policy (ending at 28.8 percent, or about 104 days of working capital), long-term projections show the general fund and other funds slipping into deficits in later years unless the city adopts additional revenue measures or cuts. The city is proposing no across-the-board salary adjustments in the adopted budget now and is holding potential personnel adjustments for midyear if audited revenues allow.
The most important facts first: the proposed…
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