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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 does not create a final agreement with the city; staff will draft a project-specific resolution and agreement once a project scope is known (for example, whether funds will be used for remediation, match on a grant, or park construction).
On the operating budget, the board restored a $45,000 line item for a coastal grants consultant that staff had proposed removing. The consultant money was described as a resource to help the city draw down state and federal coastal grants (for example CMP or CAPRA grants) and to assist with design and permitting when the IDC or park board has projects that may require grant support. Board members discussed coordination with the park board and city grant procedures before restoring the line item.
The board also discussed other budget entries in the packet, including increased spending for beach profile and post-storm surveys (an additional $60,000 for depth-of-closure surveys on engineered beach sections) and the IDC’s continued programming of $8 million toward the Pelican Island Bridge project (with $7 million currently available and approximately $1 million scheduled in FY26, per staff comments).
Votes at the meeting were unanimous for the items recorded on the agenda. The IDC also approved the minutes of the July 8, 2025 meeting earlier in the session.
The action allows staff to proceed with project-level scoping, grant coordination and contract procurement for the restored consultant line and earmarked park funds. Any use of siloed funds for specific projects will require a subsequent resolution by the IDC and, as noted on several items, City Council approval when a formal agreement or interlocal arrangement is required.
