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Council approves FY2025/26 budgets for TIRZ #1, #2 and #3, each 4-0
The council adopted Resolutions No. 09-09-25-4, -5 and -6, each 4-0. TIRZ #2's budget showed $928,147 in revenue and $521,725 in spending, including $200,000 for community projects and $225,000 in tax refunds, with an estimated $1.97 million left at year end. TIRZ #3's showed $58,596 in revenue and $55,600 in spending, including $48,000 in infrastructure reimbursement; its revised 2024/25 estimate listed $30,735 paid in infrastructure reimbursement.[1][2]
Cole StanleyTim ReidDon TippsLes SimpsonLaura Storrs
What the sources say
- ✓ Verified
On September 9, 2025 the council adopted Resolution No. 09-09-25-5 (TIRZ #2) on a motion by Les Simpson seconded by Don Tipps and Resolution No. 09-09-25-6 (TIRZ #3) on a motion by Tim Reid seconded by Tipps, each 4-0 (Cole Stanley, Tim Reid, Don Tipps, Les Simpson). The TIRZ #1 budget (Resolution No. 09-09-25-4) also passed 4-0. Finance Director Katrina Owens presented the items. [1]
- ✓ Verified
The TIRZ #2 2025/26 budget, approved by its board on August 21, 2025, projected $894,147 in participation revenue and $34,000 in interest, and $521,725 in spending, including $200,000 for community projects, $225,000 in tax refunds and $27,000 for leased software, with no debt service. The revised 2024/25 estimate showed $90,000 in community projects, $207,952 in tax refunds and $71,066 in debt service, and a projected ending balance of $1,969,678 for 2025/26. [2]
- Revenue
- $928,147
- Expenditures
- $521,725
- Ending balance
- $1,969,678
- ✓ Verified
The TIRZ #3 2025/26 budget projected $58,596 in revenue (Randall County $24,313, City $22,024, Amarillo College $12,259) and $55,600 in spending, including $48,000 in infrastructure reimbursement. The revised 2024/25 estimate shows $32,415 received and $30,735 paid in infrastructure reimbursement. The memo said 2025 certified taxable value was $46.2 million, with $11.7 million in new improvements. [2]
- Revenue
- $58,596
- Expenditures
- $55,600
- Infrastructure reimbursement
- $48,000
- ✓ Verified
The TIRZ #2 board's August 21, 2025 vote approved the FY2025-26 budget "with an increase to the Community Projects line to $200,000," 8-0, after an update on active East Gateway projects. The board's FY2024-25 budget had included $100,000 for community projects. [3][4]
- Community projects
- $200,000
