Stephen Muse, financial services director, summarized the FY2027 budget process and said the proposed general‑fund highlights include the second phase of a compensation plan and adjusted minimum wages. He outlined revenue assumptions, a proposed tax‑rate discussion and a draft CIP. Muse explained the city's practice of conservative sales‑tax budgeting and urged public feedback on priorities.
Alberto Salinas of the Greater Brownsville EDC presented economic development activity and recruitment results: the EDC reported recent closed projects and a pipeline of prospects with potential large capital investments. Salinas said the top projects (announced and prospective) could total billions in capital investment; his presentation listed a $4.8 billion total for top projects and emphasized potential job creation and PUB power needs.