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Sep 8, 2026 – Sep 22, 2026 · Context

Council approves FY2026/27 budgets for TIRZ #1, #2 and #3

The TIRZ #1 and TIRZ #2 budgets (Resolutions No. 09-08-26-3 and 09-08-26-4) passed 4-0 on first reading on September 8, 2026, with Councilmember Prescott absent, and were consent items on second reading on September 22, when draft minutes record the consent agenda passing 4-1 with Councilmember Simpson voting no. The TIRZ #3 budget (Resolution No. 09-22-26-2) passed 5-0 on September 22. TIRZ #2's budget projected $992 thousand in revenue and $520 thousand in spending, including $200 thousand for community projects and $220 thousand in tax rebates. TIRZ #3's projected $240,542 in revenue and $199,547 in spending, including developer infrastructure reimbursement.^[1]^[2]^[3]

Cole Stanley Tim Reid Don Tipps David Prescott Les Simpson Lola Ogunremi

What the sources say

✓ Verified
Minutes of September 8, 2026 (in the September 22 agenda packet, p. 28) record Resolution No. 09-08-26-3 (TIRZ #1) and Resolution No. 09-08-26-4 (TIRZ #2) each adopted 4-0 on motions by Don Tipps seconded by Tim Reid (Cole Stanley, Reid, Tipps, Les Simpson; David Prescott absent); Chief Financial Officer Lola Ogunremi presented them. Both were consent items 6.15 and 6.16 on September 22 as second and final readings, and draft minutes of that meeting (in the October 13 agenda packet) record the consent agenda approved 4-1 with Simpson voting no. The same draft minutes record Resolution No. 09-22-26-2 (TIRZ #3) adopted 5-0 on a motion by Tipps seconded by Simpson. ^[1]^[3]
✓ Verified
The September 22, 2026 agenda caption for consent item 6.16 describes Resolution No. 09-08-26-4 as the budget for "Center City Tax Increment Reinvestment Zone No. 2," while the September 8 minutes and the transmittal memo name it the East Gateway Tax Increment Reinvestment Zone No. 2. ^[2]^[1]
✓ Verified
A September 1, 2026 memo from the Chief Financial Officer says the TIRZ #2 board approved the budget on August 20, 2026. It projects revenue of $992 thousand, $958 thousand of it from participating taxing entities (Potter County, the City, Amarillo College and the Panhandle Groundwater District), and expenses of $520 thousand, including $200 thousand for community projects and $220 thousand for tax rebates. The 2026 certified taxable value was $119.3 million, with $0.2 million in new improvements, compared with $117.4 million in 2025. Available cash is estimated at $2.3 million at the start of the year and $2.8 million at the end, against a targeted reserve of $130 thousand (packet p. 161). ^[1]
Revenue
$992,000
Expenditures
$520,000
Ending cash
$2,800,000
✓ Verified
A September 15, 2026 memo from the Chief Financial Officer says the TIRZ #3 board approved the budget on September 11, 2026. It projects revenue of $240,542, all participation from Randall County, the City and Amarillo College, and expenses of $199,547 for an annual audit and reimbursement to the developer under the infrastructure agreement. The 2026 certified taxable value was $51.6 million, with $2.8 million in new improvements, compared with $46.2 million in 2025. Available cash is estimated at $33,617 at the start of the year and $74,612 at the end, against a targeted reserve of $1,779 (packet p. 309). ^[1]
Revenue
$240,542
Expenditures
$199,547
Ending cash
$74,612

Sources

1.City Council Regular Meeting agenda packet, September 22, 2026 — City of Amarillo, Sep 18, 2026 · retrieved Oct 14, 2026primarySubject-authored363-page packet from the City's CivicClerk portal (event 2906); 'published' approximated as the Friday before the meeting. Transmittal memos for consent items 6.29 (boiler, p. 211) and 6.34 (aeration basins, pp. 219-220).
2.City Council Regular Meeting agenda, September 22, 2026 — City of Amarillo, Sep 18, 2026 · retrieved Oct 10, 2026primarySubject-authoredConsent item 6.30, FY 26/27 landfill engineering professional services. 'published' approximated as the Friday before the meeting. Minutes for this meeting were not posted on CivicClerk as of retrieval.
3.City Council Regular Meeting agenda packet, October 13, 2026 — City of Amarillo, Oct 9, 2026 · retrieved Oct 10, 2026primarySubject-authored157-page packet; item 6.7 transmittal memo (pages 56-57) gives the funding summary 'Broadband Project - Professional Services - PRJ-620075.17400.62000'. 'published' approximated as for the agenda.