Oct 31 2011

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Money matters examined in PI

Staff Writer

On Tuesday, Oct. 25, the City Commission met with City Manager Edward Meza and Finance Director Alonzo Echavarria-Garza to brain­storm for the coming Capital Improvements Plan for the city.

“We’re moving some ex­penditures throughout the years so we can end up with no big heights or valleys of spending over the next five years,” Echavarria-Garza said. “We have a lot of needs. We’re projecting about $250,000 per year… it may not be possible. That [amount] would be per­fect, though.”

As it is, the city still main­tains a balance of $580,000 at their disposal.

“We still have a balance in the capital fund of about $580,000 and that’s because we have some commitments already. Some money is com­ing back that we had to use for some grants. It was matched by us so we are getting the money back,” Echavarria- Garza said.

To see this story in print, pick up a copy of the Oct. 31 edition of the Port Isabel South Padre Press or check out our E-edition by clicking here.

Permanent link to this article: https://www.portisabelsouthpadre.com/2011/10/31/money-matters-examined-in-pi/

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