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The commission began discussing the budget for the upcoming fiscal year. This process will determine how city funds are allocated for services, projects, and operations.
At a glance
Rising — being discussed more frequently. 4 mentions in the last 30 days, 5 the 60 before, 5 the 90 before that.
Determines the allocation of economic development corporation funds for the upcoming fiscal year.
Local businesses and residents through targeted economic growth and job creation programs.
Homeowners will see a slight increase in their property tax bills due to rising property values.
The impact of this project is unknown as it was discussed in closed session.
No action was taken regarding the sponsorship of an EDA grant for Project CTS.
The approval of the LOI for Lot 6 signifies a step towards a potential transaction or development on this property.
The approval of the sales contract for Lot 6A indicates a finalized transaction for this property.
We'll include it in your weekly brief whenever the council takes it up.
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The board is looking at how to spend money on city projects, staff, and debt for the next year. This budget sets the tone for economic growth in Pharr.