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Mission council approves 15-year TIRZ extension to fund $22 million in infrastructure projects

City of Mission City Council · January 15, 2026

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Summary

The City of Mission voted unanimously Jan. 13 to extend its Tax Increment Reinvestment Zone to Dec. 31, 2045, and to shift city participation in the zone from 100% to 50% of the local levy, unlocking roughly $22 million in initial bond capacity for specified street, drainage and water projects.

The City of Mission on Jan. 13 approved extending its Tax Increment Reinvestment Zone (TIRZ) by 15 years, moving the zone’s expiration from Dec. 31, 2030, to Dec. 31, 2045, and changing the city’s participation in the zone from 100% to 50% of its property tax levy in the zone.

Interim city staff and financial advisers told the council the extension would create an initial bond capacity of about $22,000,000 to pay for a set of priority projects. The list the staff read to the council included Bridal Road construction ($6.2 million), Taylor Road construction ($4.0 million), a treated waterline at Cimarron ($2.1 million), South Water Plant feasibility ($4.0 million), Citriana Street drainage ($1.3 million), Horner Street work ($1.6 million), Benson Palm Park renovation ($1.0 million) and Los Evanos Road improvements ($1.5 million), for a total near $21.7 million.

Council members moved and seconded the proposal and voted unanimously to approve the extension. City staff and the TIRZ board said they will hold public hearings and workshops to provide more detailed information on tax-rate impacts and planned bond issuance before any bonds are sold.

City consultants and staff stressed the extension would not add new properties to the TIRZ footprint and described the change in participation as a mechanism to lower the city’s annual contribution from about $5 million to roughly $2.5 million in the near term, while preserving future capacity for additional issuances.

Next steps identified by staff include presenting a detailed tax-rate analysis at a future council workshop, conducting the required public hearings, and preparing documentation for any bond issuance tied to the TIRZ extension.