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Conroe IDC accepts January financial report, authorizes refund after closed session
Summary
At its March 6 meeting the Conroe Industrial Development Corporation accepted the January 2026 treasury report, discussed long-term liabilities and incentive placeholders, and—after executive session—authorized a refund from the contract revenue coverage account as discussed in closed session.
The Conroe Industrial Development Corporation board voted March 6 to accept the January 2026 CIDC treasury report and later, after an executive session, to authorize a refund from the contract revenue coverage account to the corporation.
Ms. Gibbs presented the January treasury report, reporting a fund balance of $37,000,003 as of Jan. 31, 2026, monthly revenue of about $1,514,006 and year-to-date revenue near $6,000,005. Sales-tax receipts for January were reported at roughly $1,000,004 and year-to-date sales-tax revenue at about $5,965,212, a 1.4% increase over the prior fiscal-year period. She outlined long-term liabilities—including hotel-related…
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