2026-2027 Budget Planning
Summary
Reviewing the required taxpayer impact statement under HB 1522, which compares current property tax bills to estimated bills under the proposed budget for median homestead properties.
At a glance
- Total mentions
- 14
- Last 30 days
- 3
Rising — discussed at 4 meetings since Aug 17, 2026, up from 0 in the two months before.
Impact analysis
The proposed tax rate adjustment impacts median homestead property tax obligations from $1,290 to $1,467.
City services funded through the municipal budget.
Local property taxpayers facing potential tax increases.
Mentions & discussions (17)
City Council - Oct 5, 2026
Reviewing the required taxpayer impact statement under HB 1522, which compares current property tax bills to estimated bills under the proposed budget for median homestead properties.
Sherman approved end-of-year budget amendments - Herald Democrat
As October and the end of the fiscal year approach, the city of Sherman is balancing its books to reflect the past year’s expenses. The city council approved an end of year series of amendments to the 2025-2026 budget during its final council meeting of September and the fiscal year.The council historically approves a final budget amendment at the end of the year to reflect actual costs and revenues the city had seen over the past year and to balance its accounts going into the next fiscal year, starting on Oct.
General - Sep 15, 2026
Sherman leaders reviewed economic development goals, industrial park expansions, and a budget that uses cash reserves to fund major manufacturer incentives while supporting local nonprofits.
Sherman approves new budget, what it means for your bill
Sherman approves new budget, what it means for your bill KXII
City Council - Sep 8, 2026
The city approved its operating and capital budget for the upcoming year while keeping the property tax rate steady at $0.508 per $100. Even though total tax revenues will rise by 7.2% due to new construction, homeowners' tax rates remain unchanged.
Sherman proposed $190 million budget for 2026-2027 - Herald Democrat
The city of Sherman is setting the stage to pass a $190 million budget for the upcoming fiscal year. The city council recently held the first of two public hearings for the proposed 2026-2027 fiscal year budget, which will fund the city for the next year.
Denison turns to VRBO, Airbnb for occupancy tax collections - Herald Democrat
The city of Denison is looking to partner with booking platforms to increase its collection of hotel occupancy taxes for short-term property rentals. During Monday night’s city council meeting, city staff proposed amending city ordinances to allow platforms like VRBO and Airbnb to collect these taxes on behalf of the city.The move comes as city staff estimate only about 40 percent of short-term rental property owners are in compliance with city HOT tax ordinances and remit these fees back to the city.“We are proposing an amendment to the code of ordinances to change how we collect hotel occupancy taxes for short-term rentals,” Denison Tourism Manager Jordan Starr said.
City Council - Aug 17, 2026
The city is proposing a budget that increases property tax revenue by 7.2% to fund operations and capital projects.
Budget season 2026: GC expected to hold the line on tax rate - Herald Democrat
By Future Brown Herald Democrat Grayson County will soon be hosting a public meeting to talk about the 2026 tax rate. The group plans to… Login to continue reading Login Sign up for complimentary access Sign Up Now Close
General - Jun 11, 2026
The city is moving toward a formal application and review process for grants to ensure money is spent on projects that actually help the community, rather than just giving it away to whoever asks.
City Council - Apr 20, 2026
A taxpayer impact statement indicates that property tax bills for the median-valued homestead are projected to increase in the upcoming fiscal year.
Sherman city officials exploring ways to scale back as revenue projections miss mark by $3.5 million
Sherman city officials exploring ways to scale back as revenue projections miss mark by $3.5 million KXII
General - Apr 10, 2026
The city is facing a tighter budget due to lower-than-expected sales tax and industrial tax abatements. The Council is looking at ways to cut costs and delay projects to keep the city's finances stable without hitting residents with big fee increases.
City Council - Apr 6, 2026
The council reviewed the projected impact of the upcoming budget on property taxes for the median-valued homestead. This provides transparency on potential tax increases.
City Council - Feb 2, 2026
The council approved participation in investment pools and reviewed investment reports, aiming for efficient management of city funds.
Sherman council members consider spending plan
Sherman council members consider spending plan KTEN
Sherman City Council makes progress on 2024-2025 budget
Sherman City Council makes progress on 2024-2025 budget KXII
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