06/01/2026
The City fiscal year begins on July 1, so it should be no surprise to anyone that the 2026-2027 budget and related items will be the dominant agenda items this month.
BOMA began the public development of the FY27 budget back in early January with the finalization of the updated 10 year Capital Plan. Since then we’ve had dedicated sessions on new personnel requests, vehicle/equipment requests, capital planning and bonding strategies, revenue projections and several utility focused sessions. All this cumulated in a May 5 budget presentation which you can view here: https://play.champds.com/springhilltn/event/1220
If you’ve been paying attention to the process over the past several months, nothing about the budget this evening will be surprising. If you haven’t here are some highlights you might be interested in:
- BOMA will acknowledge the Comptroller supplied Certified Tax Rate as required and have first reading of the FY27 property tax rate. The rate is proposed to remain at $0.739 for the 5th year in a row.
- The budget as proposed is structurally balanced without the use of fund balance.
- A bit over 83% of all dollars will be going towards roads, utilities and public safety. This is a touch higher than in recent years but shouldn’t be a surprise given the sewer connection moratorium and need for utility related capital spending. I would expect some mid-year budget amendments to increase utility spending further.
- The sewer connection moratorium will further depress new development. Likewise, fees associated with new development (Impact fees, Adequate Facility Tax, etc) are projected to be over 60% lower than last year. YTD building permits are down 47% compared to this time last calendar year.
- With development related fees being lower, sales tax related revenues are expected to be around 43% of all general fund revenues. This is a bit higher than normal, and due to the depressed development related fees and not newly expected sales tax unfortunately.
- Construction funding for improvements to the Port Royal Rd and Buckner Ln intersection are included.
- The library, community services annex, Jim Warren Rd, Mahlon Moore/Battle Creek Way improvements are also included. Both pre-construction activity and construction.
- Increased property tax revenue is proposed to go primarily towards police positions ($827K), fire positions ($342K), the end of the SAFER grant ($200k) and the fire pumper truck purchase ($639K).
Also tonight, we’ll celebrate the graduation of the newest class from the Spring Hill Citizen’s Academy. Citizen’s Academy is an eight-week course that let’s Citizen’s get a closer look at the inner workings of City departments and facilities through presentations, hand-on experiences and open discussion. The class has been very popular, so be on the lookout to apply for the next class later this year. Tonight’s graduates will take the Citizen’s Academy alumni total to an even 100.
Full agenda and live stream here: https://play.champds.com/springhilltn/event/1226