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San Marcos finance director outlines FY26 budget and multi-year tax-rate choices; council set a ceiling ahead of public hearings
Summary
City finance staff presented a structurally balanced FY26 budget and tax-rate scenarios, flagged a projected FY27 shortfall if rates remain at the no-new-revenue level, and described council-set public hearings and a breakeven rate to avoid next-year shortfalls.
John Locke, San Marcos finance director, presented the proposed fiscal year 2026 budget and three tax-rate options to the Neighborhood Commission on Aug. 20.
Locke said the city—s total operating budget is approximately $366 million and described council priorities included in the FY26 package: submission at the no-new-revenue rate (the rate that produces the same revenue on properties taxed in both years), a $200,000 increase in the Human Services Advisory Board allocation (bringing the total to $750,000), and creation of an Office of Community Support and Resource Navigation with net cost of about $50,000 using existing staff reassignments.
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