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City manager shows seven‑year forecast, warns of near‑term multi‑million dollar shortfall
Summary
City Manager Jay presented a seven‑year general fund outlook showing a potential roughly $68 million cumulative shortfall under current assumptions and highlighted a nearly $6 million estimated revenue impact from a state bill increasing business personal property exemptions.
City Manager Jay presented a macro, seven‑year general fund forecast at the retreat and warned the council of potential revenue headwinds tied to state policy and appraisal timing.
Jay reminded the group that Fort Worth is growing quickly and cited regional projections that the city could reach roughly 1.3 million residents by 2050. He noted the local housing market’s trends: 2023 median home value near $300,000 and an abundance of new single‑family listings above $400,000 in many parts of the…
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