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HomeMy WebLinkAboutPO 7356: CITY OF PORT ARTHUR, ADOPTING A BUDGET FOR FY 10/1/2025 - 9/30/2026 P. O. No. 7356 9/8/2025 LYN ORDINANCE NO. AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026, IN ACCORDANCE WITH SECTION 7, ARTICLE XII OF THE CHARTER OF THE CITY OF PORT ARTHUR. WHEREAS, the City Council desires to adopt the Budget Fiscal Year 2025-2026; and WHEREAS, this Ordinance is necessary for municipal purposes as delineated under Section 102.009 Local Government Code; and WHEREAS, in accordance with Article XII, Section 5, of the City Charter, at least thirty (30) days prior to October 1, 2025 the beginning of the 2025-2026 fiscal year, the City Manager submitted to the City Council a proposed Budget for said fiscal year; and WHEREAS, pursuant to Section 102.007 (c) of the Texas Local Government Code, the City Council has moved for the adoption of the Budget for Fiscal Year 2025- 4 2026 as it will raise more revenue from property taxes than last year's budget by an amount of$1,418,440, or 5.37%, and of that amount, $195,340 is tax revenue to be raised from new property added to the tax roll this year as delineated in Exhibit "A"; and WHEREAS, pursuant to Section 102.007 (c) of the Texas Local Government Code, the City Council has complied by taking a separate vote to ratify the adoption of said Budget for Fiscal Year 2025-2026 as it will raise total property tax revenue as delineated in Exhibit "A"; and I WHEREAS, said vote on the increase in total property tax revenue, as prescribed in Section 102.007 (c) of the Texas Local Government Code, was taken separate from the vote to adopt the budget or a vote to set the tax rate required by Chapter 26 of the Tax Code, or other law; and WHEREAS, in accordance with Sections 102.006 and 102.065 of the Texas Local Government Code, and Article XII, Section 6, of the City Charter, after notice was published not more than 30 days nor less than 10 days prior to the Public Hearing, said Public Hearing was held by the City Council on the proposed Budget on September 23, 2025, said Budget having been on file with the City Secretary more than 15 days before the date of said hearing and more than 30 days before the City Council makes its tax levy for said fiscal year, as required by Sections 102.006 and 102.005, respectively, of the Local Government Code; now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR, TEXAS; Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Manager's Proposed Budget is hereby adopted and approved. Section 3. That the City Council has taken a separate ratification vote for the adoption of the Budget for Fiscal Year 2025-2026, as it will raise more revenue from property taxes than last year's budget by an amount of $1,418,440, or 5.37%, and of that amount $195,350 is tax revenue to be raised from new property added to the tax roll this year and the result of said Motion as delineated in Exhibit "A". Section 4. That there be and is hereby appropriated the sum of Three Hundred Ninety-Five Million, One Hundred Sixty-Nine Thousand, Nine Hundred Fifty-Seven Dollars ($395,169,957) for the payment of the Operating Expenses, and necessary Capital Outlay for the City Government as delineated by Fund in Exhibit "B". READ, ADOPTED, AND APPROVED, this day of September, 2025, A.D., at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: Mayor: Council members: NOES: Charlotte M. Moses, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO FORM: Roxann Pais Cotroneo, City Attorney APPROVED FOR ADMINISTRATION: Ron,or , ity Manager APPROVED FOR AVAILABILITY OF FUNDS: 69-itair Lynda :oswell, Finance Director Exhibit A It has been moved that the City of Port Arthur, Texas adopt and ratify the Budget for Fiscal Year 2025-2026 as it will raise more revenue from property taxes than last year's budget by an amount of$1,418,440, or 5.37%, and of that amount $195,340 is tax revenue to be raised from new property added to the tax roll this year. That said increase has been ratified by the following vote: AYES: Mayor: Council members: NOES: CITY OF PORT ARTHUR, TEXAS Fiscal Year 2026 Annual Adopted Budget October 1, 2025—September 30, 2026 Prepared by The City Manager and The Finance Department I. This budget will raise more revenue from property taxes than last year's budget by an amount of $1,418,440 which is a 5.37 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $195,340. II. The record vote adopting the FY2026 Budget: For: Against: Absent: III. Tax Rates: 2023 Tax Rates 2024 Tax Rates 2025 Tax Rates Calculated Tax Rate per$100 per $100 per$100 No New Revenue Tax Rate 0.547795 0.585995 0.582863 Voter Approval Tax Rate 0.648641 0.626272 0.615724 No New Revenue M&O Rate 0.346844 0.363381 0.363381 Debt Rate 0.250173 0.250173 0.250173 Adopted Tax Rate M&O Rate 0.398468 0.376099 0.365624 Debt Rate 0.250173 0.250173 0.250100 Total Tax Rate 0.648641 0.626272 0.615724 IV. Total Amount of City Debt Obligations Secured by Property Taxes: $11,307,152 The above information is provided pursuant to Texas Local Government Code §102.007 (d). Exhibit B THIS IS SUBJECT TO CHANGE UNTIL BUDGET ADOPTION ALL FUNDS SUMMARY FY 25-26 Adopted Revenues Expenditures GOVERNMENTAL FUNDS General Fund $ 91,989,045 $ 91,989,045 Debt Service Fund 19,335,236 19,335,236 GOVERNMENTAL FUNDS 111,324,281 111,324,281 ENTERPRISE FUNDS Water and Sewer Fund 44,412,470 44,412,470 Water and Sewer TWDB 27,000,000 27,000,000 Water and Sewer Capital Project 30,000,000 30,000,000 Solid Waste Fund 20,169,012 20,169,012 Pleasure Island Fund 6,484,000 6,484,000 ENTERPRISE FUNDS 128,065,482 128,065,482 INTERNAL SERVICE FUNDS Hospitalization Insurance Fund 15,304,650 15,304,650 Worker's Compensation Fund 1,500,000 1,500,000 Other Employee Benefits Fund 166,900 166,900 General Liability Insurance Fund 4,095,508 4,095,508 INTERNAL SERVICE FUNDS 21,067,058 21,067,058 SPECIAL FUNDS Municipal Court Technology&Building Fund 30,000 30,000 Home Grant 1,176,078 1,176,078 Housing Programs Fund 190,000 190,000 Community Development Block Grant 1,173,173 1,173,173 Hotel Occupancy Tax Fund 2,942,136 2,942,136 Regulatory Enforcement 567,677 567,677 Police Special Fund(Grants) 75,000 75,000 Police Special Fund 182,000 182,000 Commercial Traffic Enforcement 26,500 26,500 FEMA-Harvey 10,000 10,000 CDBG-Disaster Recovery 15,350,000 15,350,000 Hazard Mitigation 22,400,000 22,400,000 American Rescue Plan Fund 6,500,000 6,500,000 Health Grants 3,126,920 3,126,920 TX Treasury Opioid Trust Fund 137,000 137,000 Golf Course Fund 61,000 61,000 Transit Operating Fund 11,054,085 11,054,085 Tax Increment Reinvestment Zone 102,642 102,642 SPECIAL REVENUE FUNDS 65,104,211 65,104,211 CAPITAL FUNDS Capital Improvement Fund 63,483,413 63,483,413 Capital Reserve Fund 6,125,512 6,125,512 CAPITAL FUNDS 69,608,925 69,608,925 SUBTOTAL ALL FUNDS MINUS EDC 395,169,957 395,169,957