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Council approves $16.2 million tax notes to finance vehicles, airport projects and cemetery irrigation
Summary
City Council approved issuance of tax notes to fund large vehicles and equipment, airport projects and a new irrigation system at the cemetery; staff said the notes carry a ~7-year term and a competitive interest cost.
The Lubbock City Council on May 13, 2025 unanimously approved an ordinance authorizing issuance of tax notes to finance city vehicle and equipment purchases, airport projects and a new cemetery irrigation system.
Joe Jimenez, city finance staff, briefed the council and said the city was seeking to appropriate $16,200,000 in tax notes to cover the purchases. Jimenez told the council, “5,600,000.0 of those…
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