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TIRZ No. 4 board approves FY2025 annual report showing $1.9M in revenue; forwards report to city council
Summary
The TIRZ No. 4 board voted unanimously to approve the FY2025 annual report, which shows roughly $1.9 million in tax increment revenue and about $16,000 in expenditures for the year; staff will forward the report to city council and the state comptroller.
The Tax Increment Reinvestment Zone No. 4 board unanimously approved the zone's FY2025 annual report on Dec. 15 and will forward the report to the Sugar Land City Council and the Texas comptroller, board members said.
Colby Millenbrook, business recruitment manager for the City of Sugar Land, summarized the zone's FY2025 finances and recommended board approval. He said the zone received approximately $1,900,000 in total revenue during the fiscal year, comprising…
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