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Carrollton presents FY2026 draft budget of about $68.6 million at public hearing; vote set for June
Summary
City finance staff presented the FY2026 draft budget, highlighting projected ad valorem and sales tax revenues, intergovernmental transfers (including a $4.25M water fund transfer), salary increases and a balanced budget with no use of prior fund balance; council held the required public hearing and will vote in June.
City Finance Director Kevin Bush presented the Carrollton FY2026 draft budget during the council’s May 5 public hearing, describing revenue and expenditure highlights and confirming the document is posted for public review ahead of the June adoption vote.
Bush said the three main operating funds (general, water and sanitation) total about $68.6 million and the draft was prepared using recent actuals and conservative projections. He listed major revenue components: about $7.1 million in ad valorem property taxes, roughly $7 million in sales taxes, $3.1 million in utility franchise fees, and a large intergovernmental/transfers line (approximately $10.9 million) that includes a $4.25 million transfer from the water fund and $750,000 from the sanitation fund. Bush said fines, insurance-premium tax, occupation taxes and miscellaneous revenue also contribute to the mix.
On the expenditure side, Bush said the budget includes projected salary increases, a 10% projection for group health insurance, and a 15% increase in property-liability insurance based on recent quotes. He noted the general fund remains balanced without use of fund balance; the sanitation fund includes a planned $460,000 replacement garbage truck funded from fund balance. The water fund includes planned infrastructure and equipment upgrades and routine costs for chemicals and tank repairs.
Bush closed by reminding listeners this meeting was the statutorily required public hearing on the draft budget and that the council will take the adoption vote in June. Councilmembers thanked the finance team and department directors for their work and reserved detailed budget questions for follow-up sessions before final adoption.
