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CFO details millage breakdown, impact-fee and sales-tax revenue in budget presentation
Summary
Chief Financial Officer Rios Welsh walked the board through each millage component, impact-fee projections (corrected to $8.9M) and sales-tax revenue (corrected to $39.6M) that feed the tentative FY2026–27 budget.
Chief Financial Officer Rios Welsh presented a slide-by-slide breakdown of the tentative FY2026–27 budget on July 28, explaining how each millage contributes to the district’s revenue and noting corrections to figures in the published presentation.
Welsh said the required local effort is set at 3.028 mills, with a prior-year adjustment at 0.018 mills, discretionary operating at 0.748 mills, additional voted millage at 1.0 mill and capital improvement millage at 1.5 mills, totaling 6.2940 mills. He described impact fees assessed on new development and said the number in the presentation was corrected in discussion to $8.9 million for impact fees and $39.6 million for sales-tax revenue. "We do stand corrected," Welsh said when a board member pointed out the on-screen numbers did not match his spoken figures.
Welsh emphasized that many funds are restricted for specific uses (debt service, capital projects, federal grants, internal service funds) and are not available for general operating expenses. The board requested staff provide detailed fund-level figures at the upcoming Aug. 6 and Aug. 13 work sessions.
