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Laredo staff present preliminary FY25–26 revenue outlook, warn final tax and bond choices will alter projections
Summary
City finance staff told the council preliminary 2025 property valuations rose, projecting a modest tax-rate reduction but stressing final tax and debt choices — especially decisions about interest-and-sinking (I&S) financing for bonds — will change household impacts and the city—s borrowing capacity.
City of Laredo budget staff told the council on March 20 that preliminary 2025 property appraisal totals rose to about $27.8 billion, and current modeling showed a roughly 2‑cent drop in the overall tax rate if current assumptions hold.
The presentation came from the budget department—s Jesus Esparza and finance staff during a pre‑budget workshop, part of a multi‑month process that will produce the council—s FY2025–26 budget proposals. Esparza said the preliminary appraisal total for 2025 is $27,800,000,000, up from $24.3 billion in the current year, and staff is tightening revenue assumptions as they move from revenue projections into the expenditure side.
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