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Council reviews five‑year financial plan; staff to refine tax-rate scenarios and drainage funding options
Summary
Staff presented a five‑year financial model showing that baseline revenues at the no‑new‑revenue rate would deplete reserves in later years; council asked staff to model balanced scenarios that preserve reserves while identifying tax‑rate impacts and options to fund drainage projects.
Fair Oaks Ranch staff presented a five‑year financial plan for fiscal years 2026–2030 at a May 1 workshop, showing that under the baseline assumptions the city’s unallocated fund balance would be exhausted by 2027 and the operating reserve would decline well below the council’s 50% policy unless revenues or assumptions change.
Summer Fleming, director of finance, said the baseline assumes a 5% annual increase in taxable values, 3% annual growth in sales tax, a 4.5% annual personnel cost growth and that the city would cash‑fund the drainage CIP. Under that…
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