Fort Worth faces $77 million budget gap as leaders warn tax hike may be needed

Name: Fort Worth faces $77 million budget gap as leaders warn tax hike may be needed
Uploaded: 2026-08-05T17:23:00-0500
Duration: 1 min 58 s
Description: Fort Worth officials say the city’s budget deficit has ballooned to nearly $77 million after property values came in far lower than expected. The larger‑than‑forecast shortfall sets up a difficult budget cycle, and leaders warn a tax increase for residents may be on the table as they work to close the gap.

Fort Worth officials say the city’s budget deficit has ballooned to nearly $77 million after property values came in far lower than expected. The larger‑than‑forecast shortfall sets up a difficult budget cycle, and leaders warn a tax increase for residents may be on the table as they work to close the gap.