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Farmers Branch TIRZ No. 4 board approves FY2024 financial report; increment reported at $156.9 million
Summary
The City of Farmers Branch Tax Increment Reinvestment Zone No. 4 board approved its FY2024 financial report. The report, prepared under Texas Property Code Chapter 311, shows $558,263 in city tax increments collected, $41,475 in interest earnings and an incremental value of $156,943,953.
The City of Farmers Branch Tax Increment Reinvestment Zone No. 4 board on Thursday approved its fiscal year 2024 financial report and heard a brief presentation on the zone's status.
Mark Furman, the city's TIRZ administrator, said the FY2024 reports are prepared "pursuant to Texas Property Code Chapter 311" and cover standard fields including revenues, expenditures and property values. Furman…
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