local
City weighs property tax hike as $158M deficit looms, 200-plus jobs at risk
By NBC affiliate at WOAI News 4 / News4SA (NBC affiliate) — Local
· June 20, 2026
· 1 min read
City leaders warn a $158M deficit by FY2028 could mean a property tax hike of about $6.75 a month for homesteads or 209 job cuts, service reductions, and higher fees. Formal budget proposal due Aug. 13.
Key takeaway 75 a month for homesteads or 209 job cuts, service reductions, and higher fees.
Why this matters in Terrell Hills News
The potential property tax hike and job cuts have significant implications for Terrell Hills residents, who may soon face increased financial burdens. A $6.75 monthly increase may not seem substantial, but for homeowners already struggling with rising costs of living, it could be a notable addition to their expenses. Furthermore, the possibility of 209 job cuts could have a ripple effect on the local economy, impacting not only the affected employees but also the businesses that rely on their patronage. As the city navigates this challenging financial situation, residents will be watching closely to see how leaders balance the need to address the deficit with the need to protect the community's quality of life. The formal budget proposal, due August 13, will be a crucial moment in this process, and Terrell Hills residents will be eager to see the details of the plan and how it will affect their daily lives.
About this story
Original reporting by WOAI News 4 / News4SA (NBC affiliate) — Local . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WOAI News 4 / News4SA (NBC affiliate) — Local . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 20, 2026 ·
Source: WOAI News 4 / News4SA (NBC affiliate) — Local ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? City leaders warn a $158M deficit by FY2028 could mean a property tax hike of about $6.75 a month for homesteads or 209 job cuts, service reductions, and higher fees. Formal budget proposal due Aug. 13.
When was this published? This article was first published on June 20, 2026 by WOAI News 4 / News4SA (NBC affiliate) — Local and curated for Terrell Hills News readers.
Who reported this story? This story was reported by NBC affiliate at WOAI News 4 / News4SA (NBC affiliate) — Local. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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