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Waco projects $32.1 million in budget efficiencies as city plans conservative FY26 amid state, federal risks
Summary
City finance staff reported midyear results and an early look at FY2026, including $32.1 million in efficiency proposals, preliminary property valuation gains and potential state and federal revenue losses that will factor into the final budget.
City finance officials told the Waco City Council on May 6 that year‑to‑date results through March 31 show most major funds tracking near expectations but that the city will adopt a conservative approach to fiscal 2026 amid state and federal headwinds.
"We are in year 2 of a 4 year journey, of fiscal constraint," Assistant City Manager Blue Khoslet said during the work session, framing the administration’s plan for continued spending restraint. Colin Booth, director of finance, said general fund revenues were about 73% of the annual budget through March and noted several line‑item variances: property taxes were at 98% of budget, franchise fees at about 42% and intergovernmental (grant) revenues at roughly 77%.
The presentation centered on a department‑led efficiency exercise intended to reduce recurring costs. Booth and Khoslet told councilors the city set a target of $24 million in efficiencies and departments identified $32.1 million in…
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