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Grayson County board weighs using reassessment reserves to close $583,880 budget gap
Summary
County staff told supervisors the FY27 draft budget shows a $583,880 shortfall and recommended transferring $500,000 from the reassessment fund in FY26 and applying updated revenue estimates to cover the remainder; the Board discussed options ahead of public hearings in May and a June adoption.
Grayson County staff presented a FY27 revenue estimate of $30,450,019 and projected expenditures of $31,033,899, leaving a $583,880 deficit. Mrs. Edwards said using reassessment reserves this year could remove a roughly $500,000 scheduling pressure from next year’s budget and reduce the shortfall to about $83,000, subject to updated revenue figures.
Board members reviewed monthly cash‑balance charts showing most tax collections occur in December and noted the county’s 2026 cash position is stronger than recent years. Stephen A. Boyer told the board staff could rework the book to reflect any changes the board directs but emphasized that legal requirements demand a balanced budget. The board scheduled a public hearing for May 14, 2026, and final budget action on June 11, 2026.
