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Council approves EDC, TIRZ, water district and chamber budgets; updates hotel‑occupancy tax agreement to increase city oversight
Summary
Council approved FY2025–26 budgets for the city’s economic development and tax‑increment entities, the municipal water district and the chamber’s tourism services, and amended the hotel‑occupancy tax agreement to increase city oversight and require unused hotel‑tax balances be returned to the city at fiscal year‑end.
(Note: This article covers multiple related budget and tourism governance items approved at the meeting.)
The Mineral Wells City Council approved fiscal year 2025–26 budgets for the Mineral Wells Economic Development Corporation (EDC), Tax Increment Reinvestment Zone (TIRZ) No. 2, the Palo Pinto County Municipal Water District No. 1, and the Mineral Wells Chamber of Commerce tourism services. Council also approved a revised municipal hotel‑occupancy tax funding agreement between the city and the chamber…
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