Highland Village CDC adopts FY2025-26 budget and CIP update, omits supplemental requests

The Highland Village Community Development Corporation approved its fiscal 2025–26 budget and the annual update to the facilities development capital improvement program on a motion to adopt the base budget while omitting three supplemental requests.

Staff member Bill said the corporation had budgeted a substantially larger sales-tax increase for 2025 but was seeing only about a 1.1% year-over-year increase in collections to date; staff proposed reducing revenue estimates to reflect the shortfall. "In reality, we're really seeing, 1.1 increase over last year," Bill said during the discussion.

The vote followed extended discussion of revenue assumptions and several supplemental capital requests. Committee members raised concerns about sales-tax seasonality and park rental revenues: staff reported park fees and soccer-field rentals were running well below budgeted amounts (budgeted at $6,500; realized thus far about $2,000). Bill and other staff walked the board through program-level changes, including a proposed $50,000 increase for an additional interactive vertical play element in the splash pad and repairs to trellis and…