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HomeMy WebLinkAbout8-18-2026 City Council Finance Committee Agenda1 CITY OF HUNTSVILLE, TEXAS Russell Humphrey, Mayor Jon Strong, Ward 4, Chairman Karen Denman, At-Large Position 2 Vicki McKenzie, At-Large Position 3 Pat Graham, At-Large Position 4 CITY COUNCIL FINANCE COMMITTEE AGENDA TUESDAY, AUGUST 18, 2026, 9:00 AM Huntsville City Hall, 1212 Avenue M., Huntsville, Texas, 77340 Persons with disabilities who plan to attend this meeting and may need auxiliary aids or services are requested to contact the City Secretary’s office (936.291.5413) two working days prior to the meeting for appropriate arrangements. 1 TAXPAYER IMPACT STATEMENT a Taxpayer Impact Statement Pursuant to Texas Government Code 551.043(c)(2), the City of Huntsville provides the following comparison for the median-valued homestead property. This statement shows the estimated annual property tax bill for a median-valued homestead in Huntsville, comparing the current tax rate, the no-new-revenue rate, the proposed tax rate and the maximum tax rate options. Proposed Budget A copy of the Proposed Budget is available in the City Secretary's Office at City Hall and online at https://www.huntsvilletx.gov/193/Budget Lance Hall, Finance Director Fiscal Year 2026 Adopted Budget Fiscal Year 2027 Budget Voter Approved Tax Rate Fiscal Year 2027 Budget No-New Revenue Rate Fiscal Year 2027 Budget at Proposed Tax Rate Total Tax rate (per $100 of value) $0.3475 $0.3790 $0.3506 $0.3775 Median homestead taxable value $253,909 $249,790 $249,790 $249,790 Tax on Median homestead $882.33 $946.70 $875.76 $942.96 Change From Prior Year $64.37 or 7.3% ($6.57) or (1.0%) $60.62 or 6.9% 2 CALL TO ORDER 2 3 DISCUSSION/CONSIDERATION The Finance Committee will hear presentations, discuss, and may consider recommendations to the City Council on the following items. a Approve minutes of the August 4, 2026, Finance Committee meeting Lance Hall, Finance Director b Discussion of Fiscal Policies with proposed changes Lance Hall, Finance Director c Discussion of Investment Policies Lance Hall, Finance Director d Discussion of Procurement Policy with proposed changes Lance Hall, Finance Director e Discussion of Proposed City Manager's Budget and possible property tax rate for FY 26-27 Lance Hall, Finance Director f Presentation of the City of Huntsville Debt Summary Lance Hall, Finance Director g Budget Amendment Lance Hall, Finance Director h Discussion of proposed Travel Policy. Lance Hall, Finance Director i Consider a recommendation to the full City Council for approval of a $48,000 change order to Purchase Order# 2026-00000186 to Delta Fire & Safety, HGAC BUY Contract# EE11-24 for the total of $125,000. Greg Mathis, Fire Chief 4 ADJOURNMENT CERTIFICATE I do hereby certify that the above notice was posted on the City Hall bulletin board, a place convenient and readily accessible to the general public at all times, and to the City’s website, www.HuntsvilleTX.gov, in compliance with Chapter 551, Texas Government Code. DATE OF POSTING: August 12, 2026 Sharon Schultz TIME OF POSTING: 5:20 p.m. Sharon Schultz, Deputy City Secretary TAKEN DOWN: