Sep 19, 2023 · Context

Council approves the TIRZ #1 FY2023/24 budget 4-1

At a special meeting the council adopted Resolution No. 09-19-23-2, approving the Center City TIRZ No. 1 budget for fiscal 2023/2024, by a 4-1 vote; Councilmember Tom Scherlen voted no. The budget memo shows about $2 million in revenue, $1.94 million of it from participating taxing entities, and about $1.3 million in expenses, including $247,876 for TIRZ #1 debt service.^[1]^[2]

Tom Scherlen Don Tipps Les Simpson Josh Craft Cole Stanley Laura Storrs

What the sources say

✓ Verified
Don Tipps moved and Les Simpson seconded to adopt Resolution No. 09-19-23-2. The motion passed 4-1: Josh Craft, Cole Stanley, Les Simpson and Don Tipps voted aye, and Tom Scherlen voted no. Laura Storrs, then Interim Deputy City Manager and CFO, presented the item.^[1]
✓ Verified
The TIRZ #1 board approved the 2023/2024 budget on August 10, 2023. The memo lists revenue of $2,018,336, including $1,943,336 in participation from Potter County ($978,145), the City ($613,851), Amarillo College ($337,211) and the Panhandle Groundwater District ($14,129). It lists about $1.3 million in expenses, including $310,000 for community projects, $150,000 for Center City and $247,876 for TIRZ #1 debt service. Projected ending cash was $2.6 million, against a $0.5 million reserve target. The 2023 certified taxable value in the zone was $292.7 million, up from $269.7 million in 2022.^[2]
Revenue
$2,018,336
Participation
$1,943,336
Debt service
$247,876
Community projects
$310,000
✓ Verified
The minutes do not record a reason for Councilmember Scherlen's no vote, and no fetched source gives one.^[1]

Sources

1.Amarillo City Council Special Meeting Minutes, 2023-09-19 — City of Amarillo, Sep 19, 2023 · retrieved Oct 14, 2026primarySubject-authoredScanned minutes read with OCR. States: "A motion was made by Councilmember Simpson to the budget attached to Resolution No. 09-19-23-1 as follows: to replace the $200,000 and fully restore the Enterprize Challenge. The motion died for lack of a second." Resolution No. 09-19-23-1 (AEDC budget) passed 4:1 (Simpson no); Resolution No. 09-19-23-2 (TIRZ No. 1 budget) passed 4:1 (Scherlen no).
2.Amarillo City Council Special Meeting Agenda Packet, 2023-09-19 — City of Amarillo, Sep 19, 2023 · retrieved Oct 14, 2026primarySubject-authoredDate is the meeting date. AEDC budget memo and detail (packet pp. 147-152): "WT Enterprise Center - Enterprize Challenge Program $380,000"; "GRAND TOTAL $3,503,340". TIRZ No. 1 budget memo (packet p. 157): "The proposed budget reflects revenue of $2 million".