Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
MEDC previews FY2026–27 budget; staff details consulting and data subscriptions
Summary
Staff previewed the Montgomery EDC's FY2026–27 budget, highlighting Encode Plus (~$11,250), HDL demographic/sales-tax services (~$10,000), a $35,000 consulting contingency and a planned transfer to the general fund for shared administrative costs. Staff said the board will adopt the budget at a future meeting and offered to provide itemized line details on request.
The Montgomery Economic Development Corporation received a preview of the MEDC FY2026–27 budget at its June 30 special meeting, with staff outlining key line items and answering board questions about forecasts and surplus funds.
Staff explained that professional services in the budget include subscriptions and data tools used for economic development work. "In this particular line item for this year, we have the Encode Plus, which is the ... that helps with the development pieces," one staff member said, adding an Encode Plus charge of about $11,250. The budget also allocates roughly $10,000 for HDL services to obtain sales-tax and demographic data and includes a $35,000 contingency for miscellaneous consulting or engineering needs if required.
Board members pressed for more granular line-item detail. Staff said they could provide a breakdown: "I can actually give it to you," the staff presenter said, and committed to sending an itemized listing of the larger allocations.
The budget preview included a 'transfer to general fund' entry that staff said covers administrative and shared services charged to the MEDC, including a portion of the annual audit, portions of the city administrator and city secretary services, tech and multimedia support, office space and the full salary allocation for the MEDC assistant director.
Board members also discussed capital transfers and sales-tax revenue assumptions. Staff noted a $425,000 capital transfer for the coming year and indicated projected surplus funds around $2.9 million. On sales tax, staff said the adopted forecast reflects a 3% increase in regular collections ("So we did a 3 percent increase," the presenter stated) and cautioned that some collections are one-time items that should not be relied upon year after year.
Staff told the board the budget would be adopted at a forthcoming meeting and offered to provide the requested line-item breakdown in advance of that vote.
