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Staff outlines FY2026 adjustments: $1.48M tax reduction and 20.7% insurance renewal increase
Summary
City staff presented two material adjustments to the FY2026 budget: a $1,476,950 reduction to tax-revenue assumptions to be offset with fund balance, and a health-insurance renewal increase estimated at 20.7% (about $238,000).
During the public hearing portion of Rosenberg's special meeting, city staff highlighted two specific changes to the draft FY2026 budget. "The first change there to the general fund was based on the majority of city council's direction, which was to reduce tax revenues by 1,476,950, and offset by using the general funds fund balance," Louis Garza said while reviewing the figures shown on the councilroom screen.
Garza also explained an insurance-fund change: an updated renewal showed a 20.7% increase in health-insurance costs, producing an approximately $238,000 impact compared with earlier estimates. Garza noted those figures resulted from recent budget workshops on Aug. 5 and Aug. 11 and were presented for council review ahead of final adoption.
