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Katy ISD outlines remaining TIRS funds and plans to use reserves for emergency generator
Summary
Katy ISD finance and operations staff told trustees on Oct. 27 that roughly $17 million remains in a sunsetting Tax Increment Reinvestment Zone fund and identified priorities for that money including an emergency generator replacement ordered after a catastrophic failure.
Katy ISD finance and operations staff summarized the status of the district’s Tax Increment Reinvestment Zone (TIRS) on Oct. 27, 2025, and identified several near‑term capital priorities the district may fund with remaining TIRS balances.
CFO Chris Smith said the TIRS arrangement — established in the late 1990s as a tri‑party agreement among the City of Katy, Katy ISD and the Katy Development Authority — funded infrastructure and bonds for facilities including the Leonard Merrill Center. Tax collections in excess of bond debt service have returned to the district over time; Smith…
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