Public Hearing and Introductory Ordinance of the City of Laredo, Texas, amending the City of Laredo’s FY 2025-2026 annual budget by appropriating revenues and expenditures in the estimated amount of $600,228.00 in the 2025 Tax Note. The interest earnings being appropriated are to complete the amount originally allocated during the sale of the 2025 Tax Note for the McPherson -Shiloh Intersection Im

Staff Report & Agenda Item Details

Public Hearing and Introductory Ordinance of the City of Laredo, Texas, amending the City of Laredo’s FY 2025-2026 annual budget by appropriating revenues and expenditures in the estimated amount of $600,228.00 in the 2025 Tax Note. The interest earnings being appropriated are to complete the amount originally allocated during the sale of the 2025 Tax Note for the McPherson -Shiloh Intersection Improvements-Southeast section in the amount of $468,065.00, and the remaining $132,163.00 will be placed in the 2025 Tax Note reserve for allowable expenses under the 2025-O-169 ordinance. Funding is available in the 2025 Tax Note.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 8.9/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.