The City of Corpus Christi has begun planning for Fiscal Year 2026, which starts October 1, 2025. A preliminary forecast, reviewed with City Council on April 29, shows a possible $7 million gap between projected revenues and expenses, driven by reduced property tax revenue due to increased homestead exemptions, the elimination of the street user fee, and rising service delivery costs tied to inflation and contractual obligations. To close this gap, the City is considering a mix of revenue increases and expense reductions. City departments began internal budget reviews in February to identify efficiencies and savings.

Key milestones in the budget process include:

• General Fund Forecast Briefing – April 29
• City Council Goal Setting Workshop – May 8
• Department Discussions & Community Input – May – July
• Proposed Budget Recommendation – July 29
• Public Hearing on Tax Rate – September 2
• Budget Adoption 
  • 1^st Reading, September 2
  • 2^nd Reading, September 9

This process reflects the City's commitment to responsible budgeting and high-quality public service.