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Argyle MDD approves FY 2025–26 budget with $80,000 projected surplus; board flags retail consultant contract and IT costs for review
Summary
The Argyle Municipal Development District approved its FY 2025–26 budget at the July 1 meeting. Staff projected roughly $650,000 in revenue, $869,000 in expenditures and an $80,000 surplus before any additional MDD contribution to the town center pre‑construction request. Board members asked for follow‑up on Retail Strategies, Fulcrum IT costs and
The Argyle Municipal Development District on July 1 approved its FY 2025–26 budget after discussion about contracted services, vendor agreements and line‑item details.
The board approved the budget as presented. Town Manager Mike Sims described the summary numbers: roughly $550,000 in anticipated sales tax, about $100,000 in interest income and total projected revenue near $650,000; staff presented total proposed expenditures of about $869,000 and a projected surplus of roughly $80,000 for FY26 before any potential MDD contribution toward police building…
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