Boerne receives third‑quarter financial report; staff projects modest surplus

Sarah Buckalew presented the 3rd‑quarter financial and investment report for the period ended June 30, 2026. She said most revenue categories are tracking close to expectations, with interest revenues mixed, ad valorem collections at 102% of budget (current year collections at about 98%), and sales‑tax receipts showing flat year‑to‑date trends with May up 1.3% over last year.

"Most of our revenues are on track and look good," Buckalew said. She noted permit revenue is timing dependent and that audit collections have declined year over year, which combined with other factors is keeping overall receipts roughly flat. After a brief council exchange about which top taxpayers drove sales‑tax declines, councilmember questions focused on retail and home‑improvement categories. Council moved to receive and approve the report and the motion passed unanimously.

Buckalew said staff is conservatively budgeting for FY27 based on these trends and will continue monitoring sales‑tax and permit revenues.