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Commission approves Harlingen Water Works budget amendment to cover TMRS buyback and service credits
Summary
The commission approved a budget amendment increasing Harlingen Water Works allocations by $323,331 to cover updated TMRS retirement service credits and buybacks, split between water and wastewater funds.
The Harlingen City Commission unanimously approved an amendment to the Harlingen Water Works budget to fund an updated TMRS (Texas Municipal Retirement System) retirement plan change that includes service-credit buybacks for eligible employees.
Details: Ron De La Garza, CFO for Harlingen Water Works, told commissioners the Board of Trustees approved the plan change. The commission authorized an increase of $323,331 to cover the TMRS cost, with $227,001.03 allocated to the water fund and $96,002.28 to the wastewater fund.
Why it matters: Budget adjustments to cover retirement-system obligations affect utility finances and rate-funded budgets. The amendment provides the necessary allocation to reflect the updated retirement liabilities.
Outcome: The motion to adopt the budget amendment carried unanimously by voice vote.
