During the recent budget workshop held on August 2, 2025, the Haslet City Council discussed key financial trends and challenges facing the city, particularly focusing on property tax revenues and the water and wastewater fund.

A significant point of discussion was the reliance on property tax as the primary source of revenue for the city. Council members noted that while property tax revenues have been stable, there has been little growth in overall income over the past two years, despite the addition of new homes. This stagnation raises concerns about the city's financial health and its ability to support ongoing services.

City officials explained that the budget for the upcoming year reflects a conservative approach, with no increase in property tax rates. This marks the first time in several years that the city has not raised property taxes, which was met with mixed reactions from council members. The budget anticipates a slight decrease in projected revenues, attributed to a more cautious estimate of sales tax growth, which is expected to rise only by 3%. This conservative estimate is due to a slowdown in residential construction and a decrease in construction materials, which directly impact sales tax collections.

The water and wastewater fund was also a focal point of the meeting. Officials highlighted that this fund is designed to be self-sustaining, but previous years required subsidies from the general fund to cover expenses. Adjustments to water and sewer rates have begun to correct this issue, although further work is needed to ensure long-term sustainability.

Council members expressed concerns about the lack of new business development and the potential implications for future revenue streams. With approximately 500 homes still to be built in the city, officials are hopeful that completion of these projects will stimulate growth. However, the council acknowledged that without new businesses and residents, the city may struggle to maintain its financial stability.

As the city moves forward, the council's discussions underscore the importance of balancing fiscal responsibility with the need for growth and development. The outcomes of this budget workshop will play a crucial role in shaping Haslet's financial landscape in the coming years, directly impacting residents and city services.