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Council approves TEDC five‑year allocation plan totaling $349.4 million
Summary
Council adopted a five‑year funds allocation plan (FY2027–2031) from the Transportation and Economic Development Corporation totaling $349.4 million, with roughly $328.7 million for transportation projects, $14.6 million for economic development and $6.2 million for parks and recreation.
City staff reported that the Round Rock Transportation and Economic Development Corporation (Type B) revised its five‑year allocation plan for fiscal years 2027–2031 and recommended the city council approve the board action. The plan totals $349,400,000, with $328,700,000 committed or planned for transportation projects, $14,600,000 for economic development, and $6,200,000 for parks and recreation. "They approved it," staff said, referring to the Type B board’s earlier vote, and recommended council ratify the action.
Council moved and unanimously approved the resolution. There was no substantive discussion on specific projects during the council item; staff indicated the board reviews and revises the five‑year plan at least annually in conjunction with budget adoption.
