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Live Oak City Council approves financial reports, tax levy, radio agreements and ban on certain gaming machines
Summary
The Live Oak City Council unanimously approved the fourth-quarter investment and monthly financial reports, certified the 2025 tax-assessment roll, authorized three interlocal radio agreements, adopted an ordinance to prohibit certain 'amusement redemption machines,' and appointed an outside ethics compliance attorney.
The Live Oak City Council on Nov. 4 unanimously approved a set of routine and substantive items including financial reports, a tax-assessment resolution, interlocal radio agreements and an ordinance restricting certain electronic gaming machines.
Council approved the city's fourth-quarter investment report for the period Oct. 1, 2024–Sept. 30, 2025 and the monthly financial report through Aug. 31, 2025. Finance staff reported a net gain of $265,007.76 and a general-fund balance of $14,639,686 as of Aug. 31; staff said roughly 89.27% of city funds were invested in TexPool and listed other holdings such as Federal Home Loan and Federal Farm Credit…
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