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Wylie EDC presents FY 2025–26 budget; board to vote July 16, council to consider Aug. 22
Summary
The Wylie Economic Development Corporation presented its proposed fiscal year 2025–26 budget, including projected sales-tax revenue growth, property sales proceeds and a proposed increase in debt service tied to planned development infrastructure; the EDC board will vote July 16 and return to council Aug. 22 for final approval.
Rachel Hermas, representing the Wylie Economic Development Corporation board and budget committee, presented the EDC's proposed fiscal year 2025–26 budget during the July 8 meeting.
Hermas said the EDC's planning committee estimates sales-tax revenues rising and listed projected figures for next year. "For this new, upcoming year, fiscal year 2526, we're estimating 3,900,000 in available resources," she said, and described anticipated revenues…
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