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TIRS Board No. 1 accepts 2025 annual report as staff outlines fund balances, plans for cultural arts center
Summary
The TIRS Board No. 1 unanimously accepted the 2025 annual report after a staff presentation showing a roughly $7.6 million tax-increment for FY2024–25, an ending balance of about $27.27 million, and a staff-planned $50 million placeholder for a proposed cultural arts center that remains in early design.
The TIRS Board No. 1 unanimously accepted the authority’s 2025 annual report on Feb. 2 after a staff presentation laying out recent tax-increment receipts, project balances and plans for a proposed cultural arts center.
Town staff member Lee Rodriguez, the CIP and TIRS manager, told the board the total increment for fiscal year 2024–25 was “about $7,600,000, of which $5,200,000 was the Town of Flower Mound’s increment” and that the county’s share was roughly $2.3 million. Rodriguez said that represents about a 70/30 split between the town and the county.
Rodriguez said the fund’s ending balance as of Sept. 30, 2025 was “about $27.27 million.” He noted roughly $3 million of that balance is allocated to outstanding debt service for town hall and a library renovation, about $1 million remains in the Peters Colony Memorial Park budget and about $700,000 is set aside for the Rippey Road project, leaving…
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