General

RICHLAND HILLS CITY COUNCIL FINANCE COMMITTEE AGENDA JULY 13, 2026 9:00 A.M. CITY HALL, 3200 DIANA DRIVE The Finance Committee Meeting is open to the public. Please note that although the Council will generally consider the items on the agenda in the order shown below, they may elect to re-order items in order to accommodate the needs of the Council, city staff, presenters, or the public generally. Therefore, members of the public interested in any agenda item are encouraged to be in attendance at the start of the meeting. 1. CALL TO ORDER 2. PUBLIC COMMENTS Citizens in attendance at the meeting who have signed a card to speak to the City Council will also be heard at this time. In compliance with the Texas Open Meetings Act, unless the subject matter of the presentation is on the agenda, the city staff and City Council members are prevented from discussion of the subject and may respond only with statements of factual information or existing city policy. Citizens will have three (3) minutes to address City Council. Public comment will not be taken on items that the Council has previously considered in a public hearing. 3. DISCUSSION ITEMS A. CIP And Debt Analysis B. Tax Rate C. Bond Proposition D. Homestead Exemption E. FY 2027 Revenue Projections F. FY 2027 Expenditures 4. ADJOURNMENT CERTIFICATE I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the official bulletin board at the Richland Hills City Hall, 3200 Diana Drive, Richland Hills, Texas, a place convenient and readily accessible to the general public at all times, and said Notice was posted by the following date and time: Monday July 6, 2026, by 5:30 p.m., and remained so posted at least three business days before said meeting convened, pursuant to the Texas Government Code, Chapter 551. Lisa Boyd Lisa Boyd City Secretary ACCESSIBILITY STATEMENT The Facility is wheelchair accessible. If you plan to attend this public meeting and have a disability that requires special arrangements, please notify the City Secretary 48 hours in advance at (817) 616-3811 and reasonable accommodations will be made to assist you. Taxpayer Impact Statement / Budget Statement: This taxpayer impact statement is provided for preliminary budget-discussion purposes pursuant to Texas Government Code Section 551.043(c). The City has not yet received certified appraisal values or completed the official tax- rate calculations required under Chapter 26 of the Texas Tax Code. Based on the preliminary Tarrant Appraisal District/TNT planning data available at the time of posting, the median-valued residence homestead taxable value in the City is estimated to be $241,173.00. For that property, the City’s portion of the property tax bill for the current fiscal year, FY2026, is approximately $1,217.43. The City’s portion of the property tax bill for the upcoming fiscal year, FY2027, for the same property, if the proposed budget is adopted, is preliminarily estimated to be $1,313.78. The City’s portion of the property tax bill for the upcoming fiscal year, FY2027, for the same property, if a balanced budget funded at the no-new-revenue rate under Chapter 26, Texas Tax Code, is adopted, is preliminarily estimated to be $1,151.71. These figures are estimates only and are based on preliminary values and planning-level tax-rate assumptions. Final amounts may change after certified values, tax ceiling adjustments, appraisal review activity, exemptions, and the official tax-rate worksheets are completed.