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Laredo unveils $1.01 billion proposed FY2026 budget; council adopts related policy resolutions including 10% administrative fee
Summary
City staff presented a proposed FY2026 consolidated budget of roughly $1.01 billion and accompanying financial resolutions. Council approved budget policies as amended, including an administrative overhead fee set at 10 percent for enterprise funds, and scheduled follow‑up budget hearings in August and September.
City staff presented the proposed fiscal year 2026 consolidated budget to the Laredo City Council July 29, describing a $1,010,000,000 proposal that staff said represents a 2.8% increase over the prior year and includes roughly $82 million in general‑fund project investments funded through certificates of obligation, tax notes and PPFCOs.
Jesus Esparza of the budget department pointed council members to the itemized projects in the budget book: a proposed certificate of obligation issue of $32,900,000, a proposed tax note for $25,600,000 and a PPFCO issuance of $24,000,000. Staff said printed and USB copies of the budget were provided to the council and a public summary in English and Spanish would be posted on the city website by the following morning.
Council members discussed schedule and deadlines. Staff said the charter…
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