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The District Board of Directors have approved a $13.4M balanced budget for Fiscal Year 2026. Each year, the Board of Directors approves the budget with a focus on fiscal responsibility, cash reserves, and community needs. The tax rate of .06814¢ provides funding for water and wastewater services, day-to-day operations of the District and funding for Fire Service.
Investment in Infrastructure
Preventative maintenance and infrastructure improvement is a top priority. The $3.8M Capital Improvement Program is a phased plan to proactively repair or replace our critical water and wastewater infrastructure. Upcoming projects include:
- Water line replacement on Oakmont Dr, Palmetto Ct, Creekmere Dr, Creekmere Ct, Edgemere Dr, Edgemere Ct
- Rehabilitation of wastewater lines and manholes around Indian Creek Dr and Asheville Ln
- Design of an emergency waterline connection with the City of Southlake
Water/Wastewater
The District’s largest expenditure is wholesale water from the City of Fort Worth which represents 20% of the overall budget. This year’s budget includes a 2% passthrough increase on the water volumetric rate because of rising water costs from Tarrant Regional Water District and the City of Fort Worth. The average Trophy Club resident uses 7,000 gallons per month and can expect to see an increase of approximately $1.00 on their bill. The wastewater rates will remain unchanged.
Fire Service
The budget also provides $2.3M in funding for the Fire Department for day-to-day operations as well as future growth. The Fire Fund will also capture additional dollars to strengthen cash reserves for future capital expenditures.
Expanding Boundaries for a More Unified Trophy Club
This budget has been developed to balance shifting revenue sources following the expansion of the District boundaries and elimination of Public Improvement District (PID) surcharges and assessments.
The District and the Town of Trophy Club recently expanded the District’s boundaries. Now, all of Trophy Club, including those in the PID, and a portion of Westlake are included within the District’s jurisdiction.
PID residents previously paid for Fire Services through an Emergency Services Assessment and infrastructure debt through a PID surcharge on water bills. This year, all residents will pay their equivalent share through their property taxes, creating a simplified, uniform process for billing and tax collection.
The budget and rate changes will take effect on October 1, 2025. The budget incorporates conservative revenue estimates, practical purchases, and necessary capital improvements to ensure long-term sustainability of water and wastewater service in our community. The year-end results are audited by independent accountants.
The annual budget can be found on the Financial Transparency page of our website. As always, if you have any questions, please reach out.