Fort Worth’s Audit & Finance Committee provided an update on the city’s budget at a June 2 meeting.
The briefing was a review of the monthly financial report for April 2026. The focus was on the general fund with special attention given to revenue. Cristi Lemon, assistant director of the FWLab, provided the update and noted that property tax has been adjusted downward an additional $4 million. She explained the downward adjustment is “value loss resulting from litigation and arbitration.”
Sales tax revenue improved with an uptick of $2 million, but while that offsets the loss in property tax revenue, the city continues to operate with a shortfall…