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Victoria council adopts VSTDC FY2025 budget, advances I‑69 corridor design and CIP projects
Summary
City Council approved the Victoria Sales Tax Development Corporation’s FY2025 budget ($15,145,279) and a three-year CIP totaling $40.5 million, including a $2 million incentive reserve, $150,000 for workforce development and $1,370,000 proposed for I‑69 corridor engineering/easement acquisition.
City Council voted Oct. 1 to adopt the Victoria Sales Tax Development Corporation (VSTDC) proposed FY2025 budget of $15,145,279 and a three-year capital improvements program (CIP) for fiscal years 2025–27 totaling $40,500,000. The council approved the package after a staff presentation and a short discussion about project details and documentation.
City staff called out several line items in the proposed budget that officials said aim to speed economic development and respond to infrastructure needs. Staff described an incentive programs line set at $2,000,000 for FY2025 — up from $1.5 million —…
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