Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Council reviews FY2025–26 budget proposal with funding increases for safety and roads
Summary
Finance Director Liz Exum presented a proposed FY2025–26 budget showing general fund revenue of about $11.1M, a $201,000 net, and proposed increases for salary/benefits and for safety (including initial funding toward a Lucas Police Department) and roads.
Finance Director Liz Exum presented the proposed FY2025–26 budget to the council, reporting general fund revenue projected at $11,100,000 and general fund expenditures near $10.9 million, leaving a projected net of about $201,000. She reported general fund reserves projected at approximately 4.8 months and that the water fund is balanced, noting the budget used Collin County certified valuations and the calculated de minimis tax rate.
Exum described allocation proposals including funds for salary and benefits increases, $495,000 additional roads funding, and $620,000 for safety and security; the mayor said the safety increase is intended to create Lucas' first police department and that further discussion will occur at upcoming meetings. "One of the goals behind this increase is to create the very first Lucas Police Department," the mayor said. Council members thanked staff for careful work on the budget and discussed TMRS contribution changes, reserve usage, and the schedule for a public hearing on Aug. 21 and the adoption vote at a special meeting on Aug. 25.
