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Bonham projects $4.69M fund balance; average homeowner faces $36.96 monthly impact
Summary
Staff reported a projected fund balance of $4,688,121 (or $2,497,952 including EMS funding), that every penny of the tax rate yields $84,316, and that the combined monthly impact to the average home would be $36.96 under the proposed budget and utility changes.
Director Sarah Osburn presented projected fiscal outcomes for the proposed FY2026–27 budget, saying the projected fund balance on Sept. 30, 2027 would be $4,688,121 (or $2,497,952 if EMS is included). She added that "every penny on the tax rate generates an additional $84,316 of revenue for the General Fund" and estimated the monthly impact to the average homeowner at $36.96 when tax and utility changes are combined.
