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GBIC proposes $20.2 million FY2026 budget that funds Tech District phases and an office project; board to adopt before city readings
Summary
The Greater Brownsville Incentives Corporation presented a FY2026 proposed budget on Aug. 5 that funds Tech District infrastructure and workforce initiatives while projecting a multi‑million‑dollar use of reserves.
The Greater Brownsville Incentives Corporation (GBIC) presented its proposed fiscal year 2026 budget to the City Commission Aug. 5, outlining large‑scale industrial and development initiatives and a planned sequence of board approvals prior to city readings.
Gilberto Salinas, GBIC president and CEO, told commissioners the organization has grown staff levels and marketing capacity and that the proposed budget aligns with a one‑year strategic roadmap emphasizing team building, lead generation, project delivery and industrial park groundwork.
Financial materials presented by Salvador Villalpando, GBIC director of finance and investments, show proposed FY2026 revenues of $9.2 million and proposed…
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