Staff reviewed general-fund revenue and expenses, including property-tax receipts, refunds associated with retroactive exemptions and sales-tax collections apparently returning to normal levels.
Through June, the Schertz Economic Development Corporation had collected $20,264,395, compared with a $6,696,456 year-to-date budget and $8,817,952 in the same period a year earlier.
Sales taxes provide 30% of Schertz’s General Fund resources, while the same local levy supplies revenue for the economic-development corporation’s project budget.
Two sales-tax lines, one temporary surge
The city’s monthly chart shows General Fund sales-tax receipts totaling $37,763,363 from October through June, compared with $12,488,871 over the same nine months a year earlier. The $25,274,492 difference is calculated from the monthly figures displayed for both fiscal years.
The budget book attributes the elevated collections to large, limited-time purchases made by a company from its Schertz location. It says the arrangement was concluding during the third quarter of 2026 and uses the city’s 7% long-term sales-tax growth rate in the fiscal 2026-27 forecast.
Where the one-time money goes
Schertz’s budget assigns one-time transfers of $10.4 million to street and signal improvements, $11.55 million to establish a vehicle and equipment replacement fund, and $2 million to rebuild the Interest and Sinking Fund balance after lower-than-expected revenue tied to disabled-veteran homestead exemptions.
The economic-development plan starts with a $61.85 million reserve and schedules $10.58 million for previously approved development agreements plus $12.76 million for park and street development. After those and other expenses, the budget projects a $46.92 million reserve.
The complete Sept. 15 packet places the quarterly report alongside the city’s budget and tax-rate work. The meeting recap explains the recorded council actions, while the earlier agenda preview shows how the financial workshop fit among the night’s land-use, utility and budget business.
What to watch
Future monthly allocation reports will show whether collections settle near the budget’s 7% long-term growth assumption after the limited-time purchases end.
The city’s next financial updates will also show whether revenue and reserve estimates remain aligned with the listed General Fund and economic-development projects. A separate report explains the adopted budget and tax rate that take effect Oct. 1.