Title
Consider public testimony regarding, and a resolution to adopt a Five-Year Funds Allocation Plan for FY 2027-2031 for the Round Rock Transportation and Economic Development Corporation.
Body
A five-year project spending plan will be presented and adopted at least annually to ensure adequate funds are available for transportation, economic development, and other allowed uses of Type B funds. This five-year plan will be reviewed by staff at least quarterly, and updates will be presented to the Type B board as needed for transportation capital improvements programs (TCIP), economic incentive programs (EIP) and other legally allowable projects approved by the Type B board and by Council.
The revised Five-Year Allocation Plan for FY 2027 - FY 2031 is attached. The $349.4 million five-year plan allocates $328.7 million to committed and planned Transportation projects, $14.6 million to Economic Development projects and incentives, and $6.2 million to Parks and Recreation projects.
This plan will be reviewed and updated at least annually as part of the budget process; significant changes in project needs may require more frequent updates.