Cedar Park Type B CDC projects $12.6 million in 2026 revenues; reserve policy keeps $3 million in savings

At its June 10 meeting, the City of Cedar Park Community Development Type B Corporation heard a preliminary financial forecast that projects $12.6 million in revenues for fiscal 2026 and a preliminary $396,000 increase in the fund balance.

Erica Solis, with the finance department, told the board that “we're estimating revenues of 12,600,000.0 for 2026,” and explained how the Type B fund is supported by a half-cent of the city sales tax. Solis said the preliminary expense estimate for 2026 is about $12.2 million, with the largest shares assigned to community and mobility enhancements, a transformational projects request and debt service.

The forecast includes assumptions that could change: staff are modeling a 6–7% stronger sales-tax performance for fiscal 2025 and have built 2% growth into the 2026 projection. Solis said one additional sales-tax data point due the day after the meeting could change the final 2025 number and prompt a revision to the 2026 estimate.

Solis said the corporation’s financial policy requires a reserve of roughly $3 million — described in the presentation as about two months of sales-tax collections plus one year of annual debt service — and that requirement constrains how much of the beginning fund balance is available for new projects.

Next steps outlined by staff: on July 8 the board will be asked to consider the proposed Type B budget; if the board approves the Type B budget it will be included in the city manager’s budget presentations to city council, with a final adoption currently planned for September.

No funding decisions were taken at the June 10 meeting; staff and the board discussed project requests that will return for formal action next month.