Regular City Council Meeting
Budget Amendment Ordinance 2nd Reading - Finance:
Consider Budget Ordinance No. 2019-O0092, Amendment 21, amending the FY 2018-19 Budget for municipal purposes respecting the Lubbock Business Park Tax Increment Finance District Fund to amend the operating Budget; amend Capital Improvement Project 92563 – North King Street; providing for filing; and providing for a savings clause.
On July 23, 2019, the City Council approved the first reading of the ordinance.
I. Amend the Lubbock Business Park Tax Increment Finance Operating Budget by increasing the transfer to Capital by $180,000 from $0 to $180,000. Funding will be from the Lubbock Business Park Tax Increment Finance Fund.
II. Amend Capital Improvement Project 92563, North King Street Project, by increasing the appropriation by $180,000, from $500,000 to $680,000.
Included in Item Summary
D. Blu Kostelich, Chief Financial Officer
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