Colleyville EDC previews $1.69 million in parks capital, proposes $2.8 million operating budget

Colleyville Economic Development Corporation board members reviewed a proposed fiscal 2026 operating and capital budget at a work session on Aug. 5, with staff proposing $2,800,000 in revenues, $2,700,000 in operating expenses (a projected $75,000 surplus) and $1,690,000 in capital expenditures focused largely on parks and rec center projects.

Cassie Smith, the City of Colleyville director of finance, outlined the CEDC’s finances and capital priorities, noting the corporation is a Type B entity funded by “a $0.5 sales tax” and was established in September 1996. “So here’s what we’re looking at for our budget this year. We’re proposing 2,800,000.0 in revenues and 2,700,000.0 in expenses for a surplus of 75,000, and we’re also going to be proposing capital expenditures of 1,690,000.00,” Smith said during the meeting.

Why it matters: the CEDC funds about 18 full-time positions across the library, parks and recreation and the Colleyville Center and pays for both ongoing operations and capital improvements. Board members pressed staff on the long-term picture for parks maintenance, the use of hotel occupancy tax revenues for events and…