Title
Receive a presentation from the City Manager on the Proposed Balanced Budget for Fiscal Year 2025-26.
Body
REQUESTOR:
City Management, Finance Department
BACKGROUND:
The City Manager is responsible for preparing and submitting a balanced budget that aligns with the City Council’s strategic priorities, meets departmental operational needs, and is supported by projected and sustainable revenue sources.
On July 31, 2025, City Management submitted the proposed balanced budget for Fiscal Year 2025-2026. The budget reflects the Council’s strategic direction and incorporates sound financial planning principles to ensure long-term fiscal sustainability and service excellence.
This year’s proposed budget is further supported by the City’s continued strong financial position, as evidenced by the reaffirmation of AAA bond ratings from both Fitch Ratings and S&P Global, representing the highest possible credit rating a municipality can achieve.
The City Manager will formally present and review the FY 2025-2026 Proposed Budget with the City Council as part of the City’s transparent and accountable public budget process.
Next Key Steps in the Budget Process:
• July 25 Tax roll certification (Dallas County)
• July 31 Proposed budget submission by City Manager
• August Vote for Public hearings and Budget Town Hall
• September Public hearings and Council adoption of budget and tax rate
ATTACHMENT(S):
1. Budget Memorandum
2. FY - 2025-26 - DRAFT Strategic Plan
3. After-Action Report from Strategic Plan - 2-25-2025
4. Budget Workshop - After-Action Report - 6-24-2025
5. Budget Discussion - After-Action Report - 7-15-2025
6. FY - 2025-26 - Proposed Budget - 7-31-2025
7. Presentation