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San Marcos officials flag $4M shortfall as budget planning begins
Summary
City staff told the council during a Jan. 29 visioning workshop that under current assumptions fiscal‑year 2027 shows roughly a $4 million shortfall, driven by weaker sales tax, state property‑tax changes and expiring federal aid. Staff urged council direction on revenue balance, staffing and program priorities.
San Marcos city staff told the mayor and council on Jan. 29 that their fiscal‑year 2027 budget forecast shows a gap of roughly $4 million under current assumptions, signaling the start of a yearlong budget process in which council direction will shape priorities and program funding.
Finance Director John Locke summarized the outlook, saying changes to state law and weaker sales‑tax receipts are the largest known factors. Staff modeled a roughly $450,000 annual revenue reduction tied to House Bill 9’s personal‑property adjustment and said three housing finance‑corporation properties remain under protest; should those parcels be ruled taxable, they would generate about $800,000 in…
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