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TEDC presents fiscal-year outlook: sales-tax projection $3.5M, assets reported at $7.2M
Summary
Terrell — The Terrell Economic Development Corporation reported projected sales-tax revenue of roughly $3.5 million, about $60,000 in investment interest and $7.2 million in invested assets as of Sept. 8.
Terrell — Carlton Tidwell, president of the Terrell Economic Development Corporation, briefed the council on the EDC’s high-level fiscal outlook for fiscal year 2025–26 during the Sept. 30 meeting, reporting projected revenues, current assets and pending project commitments.
Tidwell said the EDC projects sales-tax income of about $3.5 million for the upcoming fiscal year, plus roughly $60,000 in interest income from short-term…
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