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TALCB reviews FY27 draft budget and delegates final approval of strategic plan
Summary
Board reviewed a FY27 draft budget showing a projected beginning fund balance of $4.3M, a projected operational loss of $409,000 and an estimated ending balance of $3.8M; board also moved to delegate final approval authority for the FY27–31 strategic plan to the executive committee (motion passed).
The Texas Appraiser Licensing and Certification Board reviewed the agency’s FY27 draft budget and considered procedural approval steps for the fiscal-year strategic plan.
Ms. Williams presented a three-year draft budget: projected beginning fund balance of $4.3 million, a required 12-month operating reserve of $1.2 million, unassigned fund balance entering FY27 of approximately $3.0 million and a projected operational loss of $409,000 that would leave an estimated ending fund balance of about $3.8 million. Total revenue for FY27 is projected at $2.1 million, representing a 13.7% decrease from FY26 attributed primarily to the AMC fee renewal cycle. The draft includes no additional FTEs, a merit allowance in payroll and a one-time $75,000 set-aside in other operating expenses for relocation costs related to the planned move to 1500 Congress.
Board members discussed monitoring the unassigned fund balance to avoid exceeding policy caps on reserves, and asked that the budget and finance committee revisit minor policy wording (monthly reporting language and similar edits). The committee indicated it would seek an investment-team review in June to explore maximizing return on available cash prior to finalizing the budget for the August board meeting.
On the strategic plan (FY27–31), staff recommended delegating final approval authority to the executive committee because the plan is due June 1 under the Legislative Budget Board schedule. A motion to approve that delegation was made and passed by voice vote.
The board voted earlier in the meeting to ratify the minutes from its Feb. 20, 2026 meeting; that motion also passed unanimously. No budget approvals were finalized at the meeting; staff will return with refined materials ahead of the August vote.
