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Fulshear EDC board warned of $1.0M revenue drop as ASA and FY27 budget discussions begin
Summary
City staff told the EDCA board that a recent local sales‑tax reallocation will cut the corporation’s share and create an estimated $1,035,000 revenue shortfall for fiscal 2027; board members asked for earlier council engagement and multi‑year projections before finalizing the ASA and budget.
City staff told the EDCA board on May 11 that a recent local sales‑tax reallocation will reduce the corporation’s sales‑tax share and create a sizable revenue shortfall for fiscal year 2027.
“Reflecting an anticipated 10% increase in total city collections, but an overall decrease of $1,035,000 from the fiscal year 26 budget,” staff said in presenting the FY27 budget parameters and the draft Administrative Services Agreement (ASA). Staff also reported that the EDC’s anticipated collections for FY27 are $1,265,000 under the new allocation.
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