City officials began planning for the fiscal year 2027 budget during a March 24 work session, launching the annual process that will shape spending priorities, tax considerations and long-term financial planning.

The session focused on reviewing trends in revenue, expenditures and debt obligations within the city’s General Fund, along with economic conditions and legislative factors that could affect future budgets.

Financial data presented to council members shows steady but slowing growth in sales tax revenue, one of the city’s primary income sources. Total collections increased from about $7.75 million in 2021 to just over $10 million in 2025. However, the rate of growth has declined each year, with increases dropping from more than 18% in 2021 to 2.88% in 2025. Fiscal year (FY) 2026 collections through January are currently showing a slight decrease of 0.76% compared with the same period last year.

To read the full story, stay informed and support your local community newspaper, subscribe to The Wylie News.