Live Oak, Texas Development News

Libo City Council Holds Budget Workshop, Discusses Fire Truck Purchase and Employee Costs

The City of Libo held a budget workshop to discuss the 2026-2027 draft budget. Key discussion points included a flat budget with no new revenue, a potential fire truck purchase, and cost of living adjustments for employees. Staff presented a draft budget with minimal changes from the previous year, citing conservative fiscal practices and monitoring of local and global economic trends. The budget assumes a no-new-revenue tax rate, meaning the same amount of property tax revenue will be collected as the previous year. A significant discussion focused on employee benefits, with a move recommended from Blue Cross Blue Shield to United Healthcare due to a lower premium rate. The council also discussed and tentatively approved moving forward with the purchase of a new fire truck, which has sufficient funds allocated. They also discussed the potential redirection of funds allocated for a kayak launch and sand volleyball court to other park projects or youth initiatives. Finally, the council reached consensus on a 3.5% market adjustment for employees, with considerations for healthcare cost increases.