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Grayson County board proposes $500,000 transfer to cover 2027 reassessment, cutting projected deficit
Summary
At a budget work session, county staff recommended moving $500,000 into a reassessment fund to pay an estimated $500,000 2027 reassessment bill, reducing a projected baseline deficit from $583,000 to about $83,000; the proposal will appear on the consent agenda if approved.
The Grayson County board heard a plan on the county’s third budget work session to move $500,000 into a reassessment reserve to cover a projected 2027 appraisal bill and sharply reduce a near-term budget gap.
County staff told the board the general fund showed revenues of $30.4 million against $31.03 million in expenses as last reported, leaving a $583,000 baseline deficit. "We're recommending to pay for the reassessment to move…
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