Title
Consider public testimony regarding, and a resolution approving the FY 2026-2027 Operating Budget for the Round Rock Transportation and Economic Development Corporation.
Body
The Round Rock Transportation and Economic Development Corporation budget is funded from a 1/2% sales tax established for the purposes of providing transportation improvements, economic development activities, and park and recreation Improvements.
The FY2026-2027 Operating Budget will provide funding for debt service and administrative, financial, legal, and engineering services, economic development activities, park and recreation improvements, and transportation improvements of the Round Rock Transportation and Economic Development Corporation.
The amount allocated to Economic Development purposes includes economic incentive payments, the annual contract with the Chamber of Commerce, and downtown improvements and marketing. The businesses that currently receive Economic Incentive Payments (EIP) from the Type B fund are included in this item.
Although the budget is presented as a five-year outlook, the budget is adopted on an annual basis. FY2027 is summarized as follows:
Transportation - $91.9 million
Programmed TCIP - $81.5 million
Other transportation costs - $6.8 million
Economic Development - $1.7 million
Chamber contract - $1.0 million
Downtown improvements maintenance & marketing - $0.3 million
Approved incentive payments - $0.4 million
Parks and Recreation - $6.2 million
Old Settlers Park track and fields