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TIF No. 2 board adopts FY26 budget; minutes approved
Summary
The Burleson TIF No. 2 board unanimously approved the FY26 proposed budget, with a reported projected ending fund balance of $666,169, and approved prior meeting minutes; both votes were carried by unanimous voice vote.
The Tax Increment Finance Reinvestment Zone No. 2 board voted unanimously on Aug. 18 to adopt its FY26 proposed budget after a presentation by Kevin Hennessy, the city’s interim director of finance. Hennessy said the TIF district, created in 2005 and including roughly 720 acres around Highway 35 and Old Town, shows a proposed ending fund balance for FY26 of $666,169.
"As we look at the financial overview for the TIF 2...the proposed ending fund balance at the '26 at $666,169," Hennessy said, presenting the fund statement and a five-year forecast. Staff recommended approval of the FY26 proposed budget.
Board member Chris (speaker 2) moved to approve the resolution; board member Alexa Becker seconded. The chair called a voice vote and the motion passed unanimously. Earlier in the meeting the board also approved minutes from the Sept. 23, 2024 meeting by unanimous voice vote after a motion from Chris and a second from Kenny.
The budget vote concluded the standing agenda items; the board declined to go into executive session and adjourned at 4:41 p.m.
