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HomeMy WebLinkAbout07.21.2026 TC TOW BUDGET WORKSHOP AGENDA PACKETTC/BOT Workshop Meeting Agenda July 21, 2026 Page 1 Pursuant to Texas Government Code Section 551.127, one or more members of the Town Council/Board of Trustees may participate in this meeting by video-conference call. A quorum of the Town Council/Board of at the physical location of the meeting. ted herein. Receive budget and related information from Town staff and hold discussion. No action will be taken. C. ADJOURNMENT MEETING NOTICE Tuesday, July 21, 2026 LOCATION: COUNCIL CHAMBER TOWN OF WESTLAKE TOWN HALL 1500 SOLANA BLVD., SUITE 7100 BUILDING 7, WESTLAKE, TX 76262 TOWN COUNCIL AND WESTLAKE ACADEMY BOARD OF TRUSTEES WORKSHOP MEETING 3 PM Page 1 TC/BOT Workshop Meeting Agenda July 21, 2026 Page 2 TAXPAYER IMPACT STATEMENT The following information is required under Texas Code §551.043(c)(2). The property tax bill of a median-valued homestead property for the current fiscal year, as provided by Tarrant Appraisal District, is $4,286.14, calculated as follows: Median value of a homestead property for Tax Year 2024 ($2,553,100) x Adopted property tax rate for Tax Year 2024 ($0.16788) / 100 The property tax bill of a median-valued homestead property for the upcoming fiscal year, as provided by Tarrant Appraisal District, is $4,892.88, calculated as follows: Median value of a homestead property for Tax Year 2025 ($2,644,800) x Proposed property tax rate for Tax Year 2025 ($0.18500) / 100 The property tax bill of a median-valued homestead property for the upcoming fiscal year, as provided by Tarrant Appraisal District, using the no-new-revenue rate, as calculated by Tax Assessor-Collector for Tarrant County, is $4,734.99, calculated as follows: Median value of a homestead property for Tax Year 2025 ($2,644,800) x No-new-revenue property tax rate for Tax Year 2025 ($0.17903) / 100 I certify that the above notice was posted on the bulletin board at Town of Westlake, Town Hall, located at 1500 Solana Blvd. Building 7, Suite 7100, Westlake, TX 76262, and at the Westlake Academy Administration Building located at 2600 JT Ottinger Road, Westlake, TX 76262 in compliance with the Texas Open Meetings Dianna Buchanan, CMC Town/Board Secretary Disabilities Notice: If you plan to attend the meeting and have a disability that requires special needs, please contact the Town Secretary's Office 48 hours in advance by calling phone number Page 2 DATE: July 21, 2026 AGENDA ITEM NO: B.1. FROM: Wade Carroll, Town Manager, Town Manager's Office SUBJECT: Receive budget and related information from Town staff and hold discussion. No action will be taken. ATTACHMENTS: 1. CIP Schedule_FY2027_26-07-21 2. FY2027 SLA - Code Enforcement Officer SUMMARY : Town staff will present information related to the Capital Improvement Plan (CIP), property tax rate, utility rates, personnel costs, service level adjustments (SLAs), and the schedule for adopting the FY 2026-2027 annual budget. The CIP summary and SLAs are included in the agenda packet. Staff is not proposing any increases to the property tax or utility rates. No action will be taken at this meeting; staff is seeking feedback from Town Council to create its proposed budget, scheduled to be release in August for public inspection. Town Council/Board of Trustees AGENDA ITEM REPORT Page 3 Capital Improvement Program - DRAFT FY2027 Project Type 2027 Projected 2028 Projected 2029 Projected 2030 Projected 2031 Projected 2032 +Total Streets $350,000 $100,000 $750,000 $750,000 $2,680,000 $1,000,000 $4,630,000 Facilities $160,000 $0 $0 $2,241,500 $11,000,000 $4,000,000 $13,401,500 Parks/Trails $50,000 $0 $0 $0 $0 $0 $50,000 Drainage $0 $300,000 $0 $0 $0 $0 $300,000 Water $0 $18,150,000 $20,000,000 $300,000 $300,000 $0 $38,750,000 Sewer $0 $0 $0 $90,000 $0 $0 $90,000 Vehicles/Equipment $0 $2,475,000 $230,000 $200,000 $3,255,908 $105,000 $6,160,908 Information Technology $0 $0 $0 $0 $0 $0 $0 $560,000 $21,025,000 $20,980,000 $3,581,500 $17,235,908 $5,105,000 $63,382,408 Funding Source 2027 Projected 2028 Projected 2029 Projected 2030 Projected 2031 Projected 2032 +Total General Fund $560,000 $7,875,000 $10,000,000 $941,500 $2,735,000 $105,000 $22,111,500 Utility Revenues $0 $150,000 $230,000 $390,000 $450,000 $0 $1,220,000 General/Utilities $0 $0 $0 $0 $1,370,908 $4,000,000 $1,370,908 Certificates of Obligation $0 $13,000,000 $10,750,000 $2,250,000 $12,680,000 $1,000,000 $38,680,000 $560,000 $21,025,000 $20,980,000 $3,581,500 $17,235,908 $5,105,000 $63,382,408 July 21, 2026 Budget Workshop working document - subject to change Page 4 Request SLA Type Recurrence Explanation Justification Funding Source Explanation Explanation Budget Details Fund Dept Prgm Account 100 50 10 51XXX TOTAL Benefits to Funding/Consquences of Not Funding SERVICE LEVEL ADJUSTMENT REQUESTS FY2026-2027 Fund Balance On-Going New Position - Code Enforcement Officer Safety Requirement Personnel third-party service provider currently utilized only provides in-person code enforcement services, which is not provider and strain on the Building Safety Division to enforce the Code of Ordinances. The absence of an Officer hinders the ability of the Town to coordinate with the Municipal Court to enforce code and issue citations, causing Code Enforcement Officer $89,000 Page 5