The Cedar Park Special Called 4A Economic Development Corporation Meeting convened on September 8, 2025, to discuss the proposed budget for the fiscal year 2026 and review the corporation's role and authority.

The meeting began with a request for the board to approve the proposed 2026 budget for the economic development Type A corporation. It was noted that the city council would hold a second public hearing and adopt the citywide budget shortly thereafter. Board members expressed satisfaction with the budget presentation, with one member commending the clarity of previous discussions.

Following the budget approval, which was unanimously supported by the board, the meeting transitioned to an overview of the Economic Development Sales Tax Corporation. Jill Hoffman, the senior assistant city attorney, provided an annual presentation detailing the corporation's open government requirements, rules of procedure, and conflict of interest provisions.

Hoffman explained that the corporation operates as a nonprofit under the Texas Development Act of 1979, with the Type A board established in 1999. The board is funded through a local option sales tax, which was expanded in 2006 to include projects like the HEB Center at Cedar Park. In 2018, voters allocated a portion of the sales tax to the stormwater drainage fund.

The primary focus of the corporation is to promote economic development within Cedar Park by incentivizing the establishment of primary jobs. The board can allocate funds for various projects, including land acquisition, infrastructure improvements, and facilities for manufacturing and corporate headquarters. Hoffman emphasized the broad scope of projects eligible for funding, which also includes retail developments such as hotels and restaurants.

In conclusion, the meeting underscored the board's commitment to fostering economic growth in Cedar Park through strategic budget allocations and adherence to regulatory frameworks. The next steps involve the city council's adoption of the budget, which will guide the corporation's initiatives for the upcoming fiscal year.