Addressing M budget shortfall, Pearland to consider reallocating federal grant funds, debt restructuring

Pearland City Council tonight will discuss options for mitigating a looming $10 million 2023 budget shortfall caused when property appraisals for t...

November 27, 2022
2:20 AM

Pearland City Council tonight will discuss options for mitigating a looming $10 million 2023 budget shortfall caused when property appraisals for the Harris County portion of the city were erroneously inflated by $1.3 billion. The council will review potential solutions that include debt restructuring, reallocating federal grant funds and using 2022 budget carryover money. The meeting is scheduled for 6:30 p.m. at City Hall, 3519 Liberty Drive. The city reports that residents won't see a change in the fiscal year 2023 property tax rate, set at 62.

Carissa Lamkahouan