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Liberty Hill EDC approves FY26 budget after stronger-than-expected sales-tax projections

Liberty Hill Economic Development Corporation (LHEDC) · July 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Liberty Hill Economic Development Corporation board approved the FY26 budget July 16 after staff reported sales-tax projections above earlier targets. The budget includes a proposal to dedicate 10% of sales-tax revenue to advertising, a $40,000 downtown façade grant line, and new fund-balance policy targets.

The Liberty Hill Economic Development Corporation board voted July 16 to adopt its fiscal year 2026 budget after staff presented updated sales-tax projections that outpaced earlier assumptions.

Treasurer (Speaker 7) told directors her updated model showed roughly $200,000 more in sales-tax revenue than originally targeted and a 12-month floating average that has crested at about $600,000 per month. Based on those figures, the budget as presented anticipates roughly…

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