Missouri City, Texas Development News

Missouri City Council Reviews Preliminary FY27 Budget Amidst Property Value Decline and Bond Issuance

The City Council reviewed a preliminary fiscal year 2027 proposed budget. Key factors impacting the budget include a projected decline in property values, necessitating a potential increase in the tax rate towards the no-new-revenue rate. The city plans to issue the remaining $30 million in voter-approved bonds. Preliminary revenue is estimated at $239.7 million with expenditures at $253.2 million, requiring the use of fund balance for capital and strategic investments, not ongoing operations. Supplemental budget requests total $17.6 million, prioritized for public safety, infrastructure, and growth. Council members discussed benefits, staff salary increases, and the impact of the proposed tax rate adjustments on services. The capital improvement program for 2027 is $65.7 million, with utilities and transportation being the largest investments. There is a significant unfunded CIP program of $284 million. The council also approved a resolution for participation in a national opioid settlement, allocating $9,021 for opioid mitigation efforts.