Hewitt, Texas Development News

City Council Reviews Proposed 2026-2027 Operating Capital Budget Amidst Revenue Flattening

The City Council discussed the proposed operating capital budget for fiscal years 2026-2027. The presentation included a five-year snapshot of expenditures, a detailed breakdown of tax rates adopted over the past five years, and preliminary taxable values for residential properties. Discussions also covered preliminary budget projections for the General Fund, Utility Fund, and Drainage Fund, highlighting revenue flattening, increased service contract costs, and the impact of a proposed 2% cost of living increase for employees. A significant portion of the discussion focused on the projected $300,000 annual property tax revenue flattening and its contribution to a budget deficit. The council also reviewed increases in group medical insurance costs and discussed salary market adjustments for department heads. The preliminary average residential taxable value in Huitt was noted as $237,49. The Utility Fund's projected expenses exceed revenues by $234,326, and the Drainage Fund shows a net loss of $6,466. The city awaits certified values to finalize the budget.