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Library Board briefed on $600,000 TIRZ revenue recalculation; programs protected, collection budget trimmed
Summary
Board members were told a recalculation of Tax Increment Reinvestment Zone (TIRZ) revenue shifted about $600,000 into a different city fund, reducing the pool that feeds the general fund; library programming remains intact but collection purchases will be reduced and some capital items deferred.
The Pflugerville Library Board was briefed on a recalculation of tax-increment revenue that reduced the city general-fund allocation available for projects this year. Library staff said an appraisal/comptroller recalculation of TIRZ revenue has redirected roughly $600,000 into a different fund, a shift that will tighten available discretionary money for capital and collections.
At the meeting, Speaker 4 explained the technical change: revenue that had been projected to flow into…
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