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2026-2027 Fiscal Year Budget

  • July 25, 2026

Each year, the City of Springtown undertakes a comprehensive budget development process to determine how public resources will be allocated for the upcoming fiscal year. This multi-month process includes evaluating current service levels, forecasting revenues and expenditures, reviewing infrastructure and operational needs, receiving City Council feedback and priorities, and ensuring the City remains fiscally responsible while planning for future growth. Throughout the process, City staff and the City Council work together to develop a budget that balances the needs of the community with the City’s long-term financial sustainability.

This process started in April with a mid-year City Council workshop where council priorities were shared with staff as they began their own budget preparations, establishing early drafts of proposed departmental operating expenditures and supplemental expenditures for new equipment, personnel, programs, and services. On July 9, the City Council held a workshop/special meeting during which they were presented with the preliminary direction of the 2026-2027 budget. This information is typically considered very preliminary as it is constructed without the benefit of knowing several key pieces of information, most significant of which is the Certified Taxable Values calculated each year by the Parker County Appraisal District. Other outstanding pieces of data include insurance costs for both property and liability insurance, as well as premiums for the City’s employee benefits such as health, dental, vision, and life insurance — both of which account for significant expenditures each fiscal year. The City received its certified property values on Wednesday, July 22, 2026. Staff is now completing the required tax-rate calculations while continuing work on the proposed budget.

The preliminary tax-rate calculations and draft budget will be presented to the City Council during a Special City Council Meeting at 7 p.m. Thursday, July 30, 2026, City Council Chambers, Municipal Annex Building 200 N. Main Street, Springtown, Texas. During this meeting, the City Council will receive the calculated no-new-revenue tax rate and voter-approval tax rate. The Council will also vote to establish a rate-not-to-exceed.

The rate-not-to-exceed is not necessarily the tax rate the City Council will ultimately propose or adopt. Instead, it establishes the maximum tax rate the Council may consider when it formally adopts the FY 2026–2027 budget and property tax rate.

The Council is also expected to schedule the required public hearings on the proposed budget and tax rate. Those hearings are currently tentatively planned for 7 p.m. Thursday, August 27, 2026, City Council Chambers, Municipal Annex Building
200 N. Main Street, Springtown, Texas. The August 27 meeting is also the date currently anticipated for the formal adoption of the FY 2026–2027 budget and property tax rate.

Important Notes About the Currently Posted Draft

The draft budget currently posted on the City’s website fulfills the statutory requirement that the proposed budget be filed with the City Secretary and made available on the City’s website at least 30 days before its anticipated adoption. A review of this budget can be found here.

This document represents an initial working draft and should not be considered the final proposed budget.

Over the next 30 days, City staff and the City Council will work together to ensure the budget:

  • Addresses the needs of the City and its stakeholders;
  • Minimizes the financial impact on taxpayers and utility customers;
  • Maintains a high level of critical municipal services;
  • Continues important quality-of-life programs and services; and
  • Plans responsibly for infrastructure improvements needed to support the community’s ongoing growth.

Following Council feedback at the July 30 meeting and confirmation of the calculated tax rates by the Parker County Appraisal District, the City will publish a significantly expanded version of the proposed budget.

That updated draft will include additional information regarding proposed supplemental expenditures, the anticipated financial impact on local taxpayers and utility customers, and other important details related to the City’s financial position and priorities for the upcoming fiscal year.

Information regarding upcoming City Council meetings, agendas, and supporting documents is available at cityofspringtown.civicweb.net.

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