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City of Laredo, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Webb County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Laredo closed FY2024 with a net position of $68.6M, indicating a solid financial foundation. With $80.2M in assets and $11.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.94. Revenues totaling $301.5M surpassed expenditures of $298.5M, generating a $3.0M surplus. A 1.0% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.