SUBJECT
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Public hearing and introductory ordinance of the City of Laredo, Texas adopting the proposed annual budget for Fiscal Year 2025-2026, by appropriating the revenues, expenditures and balances reported therein for the year beginning October 1, 2025, and ending September 30, 2026, consistent with the financial plan described in said annual budget (see exhibit “A”), motions approved by city council at public workshop (see exhibit “B”) and holiday schedule for FY2025-2026 (see exhibit “C”) authorizing the city manager to implement said annual budget (as amended)
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VIVA LAREDO PLAN ALIGNMENT
|
Area |
Alignment |
Summary |
|
Affordable Housing |
★★★★☆ |
Strong HUD funding |
|
Water Infrastructure |
★★★★☆ |
Major investments in system upgrades |
|
Mobility & Public Space |
★★★☆☆ |
Moderate support via streets/parks |
|
Public Safety & Health |
★★★☆☆ |
Budget aligns with safety goals |
|
Fiscal Transparency |
★★★★☆ |
LEIP framework supports long-term stewardship |
PREVIOUS COUNCIL ACTION
The City held three public budget workshops on March 24, 2025; May 28, 2025; and July 1, 2025, to update and receive input from the Council on the development of the budget.
BACKGROUND
Section 6.04 of the City Charter requires that the City budget be prepared, and it shall contain a general summary of its contents, a detail of estimated income, indicating the proposed property tax levy, with estimated collectible and uncollectible amounts, and all proposed expenditures, including debt service, for the ensuing fiscal year, and it must be arranged as to show comparative figures for estimated income and expenditures for the current fiscal year and actual income and expenditures of the preceding year.
Section 6.06 of the City Charter requires that the Council shall publish on five separate days in a newspaper of general circulation in the City a notice of the general summary of the budget and capital improvement projects. The notice must state: (1) the times and places where copies of the budget are available for inspection by the public, and (2) the time and place, no less than fourteen (14) calendar days after such publication, for a public hearing on the budget. The dates of publication were August 2-6, 2025. The council shall hold at least one public hearing during the period its consideration.
COMMITTEE RECOMMENDATION
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STAFF RECOMMENDATION
recommendation
Staff recommends approval of the proposed FY 2025-26 budget.
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Fiscal Impact
Fiscal Year: FY 25-26
Budgeted Y/N?: Yes
Source of Funds: Click or tap here to enter text.
Account #: All
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT: