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Sugar Land TIRZ No. 1 board approves FY25 annual report showing $981,000 in revenue
Summary
Board approved the TIRZ No. 1 FY25 annual report (required by Chapter 311, Texas Tax Code). The report lists $981,000 in FY25 revenues, expenditures of about $920,000, and captured value for tax year 2024 of $191,800,000; the report will be sent to the state comptroller and taxing entities.
TIRZ No. 1 board members voted to approve the authority’s FY25 annual report, a document required by Chapter 311 of the Texas Tax Code that lays out the zone’s values, revenues and expenditures and will be forwarded to the state comptroller and the zone’s taxing entities.
A staff member presented the report and said the zone received $981,000 in revenue in FY25. The staff breakdown, as presented, allocated roughly $384,000 from the city’s incremental taxes, $449,000 from the county, $131,000 from the local improvement district and about…
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