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Lago Vista mayor urges charter changes on budgeting, limits on CO bonds and a homestead exemption; committee forwards concepts to council

Lago Vista Charter Review Committee · February 11, 2026
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Summary

Mayor Shane Som told the Charter Review Committee he plans to ask voters whether the city should require departments to start budgets at 90%, require voter approval for non-emergency CO bonds, and authorize a local homestead exemption; the committee voted to forward the CO-bond concept and a homestead recommendation (amount left unspecified) to city council.

Lago Vista Mayor Shane Som asked the Charter Review Committee to send three policy concepts to city council for possible placement in the city charter: a 90% baseline budgeting model, voter approval for non‑emergency continuing‑obligation (CO) bonds with narrow emergency exceptions, and a local homestead exemption.

"My intent is not to necessarily influence y'all or even ask that y'all make any recommendation or not recommendation," Som said, presenting the proposals he planned to take to council. He described the budgeting idea as starting every department at "90% of either what they spent last year or what it was budgeted," with any increase requested as an exceptional item. On the homestead issue he suggested a 10% exemption as an illustrative figure and said, "If you did the 10% homestead, it would reduce the revenue back into the state from the homestead by 4.9%. If you did the 5 percent, it would be 2.45%." Som framed the CO‑bond proposal as a voter‑protection measure with an emergency carve‑out.

Committee members asked for fiscal detail and for clarity on implementation. One committee member said, "I firmly believe the CO process has been abused," and urged caution about hard charter limits that could hamper the city's ability to act quickly for legitimate urgent needs. Members pointed to existing emergency language in the draft charter and to an ordinance section (4.04) that they said needed review to avoid conflicts.

On the three mayoral ideas, the committee took separate actions. The committee voted unanimously to place the CO‑bond concept among its charter recommendations, directing attorneys to refine wording and to consider placement in Article 8 (a proposal discussed as a potential new section 8.13). The group also voted to include a recommendation for a local homestead exemption in the charter (suggested placement under taxation, 9.01) but declined to endorse a specific percentage at this meeting, citing a lack of time and detailed fiscal analysis; the committee preferred a placeholder for council to refine. The budget‑process proposal (the 90% baseline and associated transparency requirements) drew a split response and was treated as a procedural concept; members noted much of the transparency language already appears elsewhere in the draft and some said the procedural details were better handled by council policy rather than fixed charter language.

The committee's votes were procedural recommendations to council, not final charter changes. The chair said attorneys will be asked to draft or refine the recommended language for council consideration; the mayor and members emphasized they expect public engagement when items go to the council packet and ballot planning.

Next step: attorneys will draft refined language for the recommended CO‑bond limitation and for a homestead placeholder; council will decide whether to include the measures on a future ballot.