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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 10/1/2024
District E, District I
Item Creation Date: 8/28/2024
MYR - TIRZ 06 FY25 Budget
Agenda Item#: 30.
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| | | | | | | | Summary:
ORDINANCE relating to Fiscal Affairs of REINVESTMENT ZONE NUMBER SIX, CITY OF HOUSTON, TEXAS, EASTSIDE ZONE; approving Fiscal Year 2025 Operating Budget for the Zone - DISTRICTS E - FLICKINGER and I - MARTINEZ |
| | | | | | | | Background:
SUBJECT: Ordinance approving the Fiscal Year 2025 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
RECOMMENDATION: Ordinance approving the Fiscal Year 2025 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
SPECIFIC EXPLANATION:
The Administration has undertaken a comprehensive review of the proposed FY25 TIRZ budgets and recommends approval of the FY25 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
- Total Operating Budget for FY24 is $12,682,710 which includes $12,682,710 in fund transfers to HISD as defined in the Interlocal Agreement between the City of Houston, and Houston Independent School District, and the Eastside Zone
- Adjustments to the budget that exceed the lesser of $400,000 or 5% of Project Costs require City Council approval.
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Gwendolyn Tillotson-Bell
Chief Economic Development Officer |
| | | | | | | | Prior Council Action:
Ord. 2023-763, 9/20/2023 |
| | | | | | | | Contact Information:
Jennifer Curley
832.393.0981 |
| ATTACHMENTS: | | Description | Type | | Coversheet | Signed Cover sheet |
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