Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PEDC proposes $39.9 million budget, prioritizes Hickory Slough sports complex and Smith Ranch sewer extension
Summary
Matt Buchanan presented the Pearland Economic Development Corporation’s FY26 proposed budget, showing $17.3 million in revenue and $39.9 million in expenses, with major spending on the Hickory Slough Sports Complex and a Smith Ranch-area sewer extension.
Matt Buchanan, president of the Pearland Economic Development Corporation, presented the PEDC’s proposed FY26 budget at Pearland’s July 2024 special meeting, asking council to approve the document that the PEDC board had endorsed on May 22. Buchanan said the PEDC projects about $17.3 million in revenue against roughly $39.9 million in expenses, reducing the projected beginning fund balance of $39.1 million to about $19.5 million.
Two large expenditures make up a majority of the PEDC’s proposed spending: a $15.9 million contribution toward the Hickory Slough Sports Complex and a listed budget item described in the presentation as the Santerious Sewer Extension to Smith Ranch Road, shown as $54.9 million in the PEDC slides. Buchanan said those two items together account for about 56% of the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
