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IDC adopts FY2026 operating plan, restores $45,000 coastal-grants consultant and earmarks funds for Schulz Park improvements
Summary
The Industrial Development Corporation approved its FY2026 operating and spending plan with an amendment to restore $45,000 for a coastal grants consultant and unanimously approved an earmark for Schulz Park improvements totaling $100,000 in FY25–28 with an additional $500,000 slated for FY26.
The Industrial Development Corporation of the City of Galveston unanimously approved its fiscal year 2026 operating and spending plan Aug. 5, adding an amendment to restore $45,000 for a coastal grants consultant and adopting a separate resolution to accrue funds for park improvements.
Board members voted to earmark $100,000 for Schulz Park improvements beginning in fiscal year 2025 and continuing through fiscal year 2028, with an additional $500,000 allocated in fiscal year 2026. Michelle (City staff) said the IDC resolution is an internal earmark that…
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