Fiscal Management Services

Proposed Fiscal Year 2026-2027 Budget

The proposed budget is a comprehensive and responsible plan that maintains the current tax rate of 75.50 cents per $100 in valuation, which remains Waco’s lowest the tax rate for the past decade. The City of Waco budget includes:

• A $213.3 million general fund to support core services like public safety, street and bridge maintenance, community and economic development, culture and recreation, and administration.
• A $112.5 million Capital Improvement Program focusing on infrastructure modernization.
• A $10.2 million investment in personnel compensation and benefits to provide competitive salaries for City employees.
• A $8.4 million increased investment in fire and police for enhanced public safety services.

This budget positions Waco for continued growth while maintaining strong financial stewardship and service excellence. Although we continue to experience slow revenue growth alongside rising expenses, City staff worked diligently to align spending with strategic planning and ensure every dollar supports the city’s strategic priorities. The FY 2027 budget continues, for the third year in a row, efforts by City staff to propose significant budget cuts while maintaining core municipal services and infrastructure investment.

Proposed Budget FY26-27

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