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SUBJECT
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Final Reading of an Ordinance of the City of Laredo, Texas, adopting the Annual Budget for Fiscal Year 2026-2027; approving estimated revenues; appropriating funds for authorized expenditures and transfers for the fiscal year beginning October 1, 2026, and ending September 30, 2027; consistent with the financial plan described in said Annual Budget (see Exhibit “A”); approving the Holiday Schedule for Fiscal Year 2026-2027 (see Exhibit “B”); and authorizing the City Manager to implement said Annual Budget.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Strong
Supporting goal(s)/policy(ies): Fiscal responsibility, transparency, public services, infrastructure, public safety, and long-term community investment.
Summary of alignment: The Fiscal Year 2026-2027 Annual Budget serves as the City's financial plan for implementing City Council priorities and supporting the goals of the Viva Laredo Comprehensive Plan. The Annual Budget provides resources for essential municipal services, public safety, infrastructure, employees, community programs, and other City priorities while promoting responsible stewardship of public resources and long-term financial sustainability.
PREVIOUS COUNCIL ACTION
City Council conducted prior special meetings and provided preliminary policy and funding direction to staff in preparation of the Fiscal Year 2026-2027 Proposed Budget, including special meetings held on February 26, March 25, May 21, and June 2, 2026.
The Fiscal Year 2026-2027 Proposed Annual Budget and five-year Capital Improvement Program were presented to City Council and filed with the City Secretary on July 28, 2026.
City Council subsequently conducted Budget on August 20 and 21, 2026, to review the Fiscal Year 2026-2027 Proposed Budget, discuss budget priorities, ask questions, and provide policy direction to staff. No motions approved during the workshops resulted in changes to the Proposed Budget presented for this public hearing.
On September 8, ...
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