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Graham council adopts citywide economic-incentives policy under Chapter 380
Summary
Council approved Resolution No. 197 to adopt a city economic incentives and business stimulus policy under Texas Local Government Code chapter 380, establishing a framework for potential future incentives while noting no projects are currently pending under the policy.
The Graham City Council approved Resolution No. 197, adopting an economic-incentives and business-stimulus policy under Texas Local Government Code chapter 380. The policy establishes criteria and a process for the city to consider incentives such as tax abatements or infrastructure assistance for projects the council deems beneficial to the community; staff emphasized the policy by itself does not appropriate funds or approve any specific project.
City staff told the council the policy is intended to make the city more competitive when larger projects seek participation and clarified that any specific incentive would still be brought to the council for individual consideration and approval. Council members noted the city does not currently have projects seeking incentives under this policy; council approved the resolution on voice vote.
The resolution outlines the permissible forms of participation and requires staff and council review before any disbursement of city funds or alteration of tax treatment under a future agreement. No projects were authorized as part of the policy adoption.
What’s next: The policy creates an administrative pathway for future incentive requests; any proposed incentive will require a separate council action and supporting documentation as specified by city and state law.
