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TALCB adopts FY 2026 budget with 3% merit pool and $150,000 contract placeholder
Summary
The board approved the FY 2026 operating budget, financial policy, and investment policy; the plan includes no new FTEs, a 3% merit increase for staff, a $5,000 increase for internal audit services and a $150,000 contract support placeholder, and a planned drawdown of excess fund balance.
The Texas Appraiser Licensing and Certification Board voted to adopt its FY 2026 budget, related budget and financial administration policy, and investment policy.
Chief Financial Officer Renata Williams presented a three‑year budget forecast and explained that FY26 (the year to be adopted) is intended only as the base year, with FY27 and FY28 presented as forecasts. The FY26 plan includes no new full‑time equivalents, a 3% merit pool for salaries and wages, a $5,000 increase to professional fees to expand the internal audit contract, and continuation of a $150,000 placeholder for contract support. Williams said the agency projects approximately $2.1 million to $2.5 million in revenue across the forecast and estimated FY26 expenditures around $2.5 million.
Williams noted the FY26 operating deficit of about $84,000 was intentional to draw down an unreserved fund balance the board has previously set aside. "That is by design," a board member said, explaining the board is deliberately reducing its accumulated excess reserve rather than simply growing the balance.
After brief questions on line‑item detail and reserve assumptions, a board member moved to approve the budget, policies and investment policy as presented; the motion carried by voice vote.
Next steps: staff will post final budget documents and the board will monitor actuals against placeholders for contract and operating expenses.
