Council reviews proposed FY27 budget and sets tax-rate timeline; staff recommends $0.295 baseline
July 23, 2026 | NorthlakeTown Council, Northlake, Denton County, Texas
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Staff briefed the council on the draft FY 2026–27 budget and a timeline for tax-rate notices and hearings. The presentation showed operating revenues of about $63.6 million and operating expenditures of about $64.2 million (excluding capital funds), driven in part by planned equipment replacements and capital projects.
The staff presenter said the general fund projects roughly $15.2 million in revenues and $15.27 million in expenditures with a projected ending fund balance of about $5.7 million (roughly 38% of operating costs). He proposed using up to $1.5 million of fund balance for a one-time payment to the Texas Municipal Retirement System to reduce the town’s unfunded liability.
On the tax-rate timeline, staff proposed a de minimis baseline rate of $0.295 per $100 valuation and scheduled public hearings and a record vote for Aug. 20. The council made no final tax-rate adoption tonight; the motion to publish the proposed rate and set the hearing passed unanimously.
The budget presentation included capital-program highlights (roads, water projects, a public-works building) and noted proposed equipment purchases including a sewer-vac truck estimated at $710,000. Staff said certified tax rolls arrived that morning and they would update calculations and return with the final numbers prior to the public hearing.
The staff presenter said the general fund projects roughly $15.2 million in revenues and $15.27 million in expenditures with a projected ending fund balance of about $5.7 million (roughly 38% of operating costs). He proposed using up to $1.5 million of fund balance for a one-time payment to the Texas Municipal Retirement System to reduce the town’s unfunded liability.
On the tax-rate timeline, staff proposed a de minimis baseline rate of $0.295 per $100 valuation and scheduled public hearings and a record vote for Aug. 20. The council made no final tax-rate adoption tonight; the motion to publish the proposed rate and set the hearing passed unanimously.
The budget presentation included capital-program highlights (roads, water projects, a public-works building) and noted proposed equipment purchases including a sewer-vac truck estimated at $710,000. Staff said certified tax rolls arrived that morning and they would update calculations and return with the final numbers prior to the public hearing.
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