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Texarkana A&P board votes to suspend grant funding in 2026 to rebuild reserves
Summary
The Texarkana A&P board voted to suspend discretionary grant funding for 2026 by recorded roll call after reviewing projected revenues, a forthcoming $700,000 annual bond payment for a baseball-field project and recurring obligations; staff will notify applicants by letter.
The Texarkana A&P board voted to suspend discretionary grant funding for calendar year 2026 to allow the board’s fund balance to rebuild. The motion — “no grant funding for 2026, which will allow the fund balance to build” — was made by Member (Speaker 6), seconded by Member (Speaker 4) and passed by roll call with six votes in favor and one opposed.
The vote followed a presentation from finance staff (Speaker 5) who said projected revenue for the fund is “roughly 1,500,000.0” and outlined the board’s annual obligations, including attorney fees and park staff salaries. Member…
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