Fiscal Management Services

Waco City Council Adopts 2025-2026 Budget

For this year’s budget preparation process, City departments undertook a rigorous efficiency evaluation considering anticipated inflationary and economic pressures. Through this initiative the City of Waco achieved $32.2 million cost savings by eliminating more than 70 vacant positions, restructuring employee positions and department functions, implementing process improvements and technology solutions, and reducing professional services contracts. These strategic cost-saving measures will maintain the high quality of core services provided to Waco residents while also enabling future service enhancements.

Adopted Budget FY 25-26

Fiscal Management Services manages the City of Waco's finances to ensure the city remains good stewards of public funds. The department oversees the annual budget adopted by the City Council. In addition to the budget, the department also has divisions in payroll, treasury, accounts payable, grants and purchasing.

Fiscal Management Services earned the Distinguished Budget Presentation Award from the Government Finance Officers Association for the last 20 years—the highest achievement in governmental budgeting.

Information required by Texas Tax Code, Section 26.18(PDF, 94KB)