Final Reading of 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

Staff Report & Agenda Item Details

Final Reading of 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.