Highland Village started discussing the city’s upcoming budget, which is projected to be in a deficit of slightly more than $2.1 million.
City council and staff began discussing plans on how to mitigate the deficit at Tuesday’s council meeting, but another meeting will be held next week to continue discussions.
According to the city, property tax revenues are expected to increase slightly, which will offset the decline in sales tax and interest income. It will produce a 2.1% increase in city revenue from last year, but the problems lie elsewhere…