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Lotus Economic Development Corporation proposes strategic plan, park funding and restrained incentives in FY2026 budget
Summary
The Lotus Economic Development Corporation told Helotes council it plans a strategic plan, increased park funding and a cautious approach to incentive programs while forecasting roughly $2.9 million in revenue for the coming year.
Scott Hardwick, executive director of the Lotus Economic Development Corporation, presented the EDC’s proposed operating budget and priorities to the Helotes City Council, outlining revenue estimates, a pause and review of incentive programs, and a material increase in park funding tied to an imminent park master plan.
Hardwick said the EDC’s revenue estimate relies primarily on a half‑cent sales tax approved by voters in 2003 and that the organization expects roughly $2.5 million in sales‑tax revenue before accounting for contractual rebates and other items. “As part of that, and when you are looking at…
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