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City staff outline constrained FY2027 general fund budget, urge council direction
Summary
Staff told the Highland Village City Council it faces a tight FY2027 general fund, with property tax, sales tax and investment income all below last year’s projections; staff asked council for guidance on supplementals and whether to use fund balance to cover employee increases.
City staff presented a preliminary FY2027 general fund budget at an early work session on July 14, saying revenues are expected to fall short of the adopted FY2026 plan and asking the council for direction on decision items and supplements. “We expect to be $93,000 under what we originally budgeted” in property-tax-related revenue, staff said, and reported sales-tax collections and investment income are also below earlier expectations.
Staff walked council through three tax-rate scenarios — the current rate, a no-new-revenue rate and the voter‑approved rate — and modeled the impact on average taxpayers and on city revenue. Using the voter‑approved rate would increase revenue by an estimated $611,000 in FY27 but also raise the typical homeowner’s bill, staff said; councilors requested follow-up material and directed staff to schedule a workshop to review the prioritized decision packages in detail.
