Economic Development Council approves $3.7M budget for infrastructure and growth initiatives

The Taylor City Council meeting held on August 28, 2025, focused on significant budgetary discussions and the ongoing commitment to infrastructure development in the community. The meeting highlighted the Economic Development Corporation's (EDC) plans to allocate $3.785 million for infrastructure projects aimed at attracting future businesses, particularly in water and wastewater management.

Council members emphasized the importance of collaboration between the EDC and the city manager's office to ensure sustainable growth over the next two decades. The discussions underscored a long-term vision for the city, with a strong focus on infrastructure as a critical need for accommodating anticipated growth, especially following the announcement of Samsung's investment in the area in 2021.

The proposed budget for the upcoming fiscal year was presented as balanced, with revenues projected to cover all expenses. The budget includes provisions for ongoing economic development agreements, including a project related to the I Market, which has been in negotiation for several years. This project will involve purchasing land to facilitate water service connections and the installation of a necessary traffic signal.

The Taylor Economic Corporation (TEC) board approved the budget during a prior meeting, affirming its alignment with the strategic direction set forth by the board. The council expressed confidence in the budget's soundness and its capacity to support the mission of the Taylor Development Corporation (TDC).

In conclusion, the meeting reinforced the city's commitment to infrastructure investment as a foundation for future economic growth, with plans for further budget amendments anticipated in the coming months. The council remains focused on ensuring that the necessary infrastructure is in place to support the community's long-term development goals.