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City projects FY26 general fund balance above target despite lower revenue projection
Summary
Controller and finance staff told the Budget and Fiscal Affairs Committee that preliminary FY26 figures show the general fund balance above the city's 7.5% policy target, but officials flagged an outstanding state audit finding and revenue uncertainty tied to possible state tax-cap legislation.
The City of Houston's controller and finance department presented preliminary financial results for the period ending July 31, 2025, reporting a projected FY26 general fund ending balance above the city's policy minimum but noting revenue risks.
Deputy Comptroller Will Jones told the Budget and Fiscal Affairs Committee that the controller's office projects an ending general fund balance of $328,100,000, or 12.9% of expenditures excluding debt service and pay-as-you-go items, and that the FY26 beginning fund balance is $8.1 million higher than the FY25 ending balance reported in June. "Based on our current projections, the fund balance will be approximately $137,600,000 above the city's target of holding 7.5% of total expenditures excluding debt,"…
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