Highland Village CDC adopts updated capital improvement program and FY2027 budget

The Highland Village Community Development Corporation at a July 28, 2026 special meeting voted to adopt annual updates to its Facilities Development Capital Improvement Program (FDCIP) and the proposed fiscal year 2027 budget.

Heather presented the budget and FDCIP updates, reporting that for 2026 the CDA is projecting a net fund-balance increase of $648,000 for an ending balance of $3,114,000. For the FY2027 base budget Heather said the board should expect revenues of $2,045,000, expenditures of $586,000 and transfers to the debt-service fund, producing a net increase of $896,000 and an ending fund balance of $4,011,000. "With those supplementals, we will have a net increase of fund balance of 58,000 and ending fund balance of 3,172,000," Heather said.

Board members asked for clarifications about debt and revenue timing; Heather said the outstanding bond balance is "around 4,000,000" and that most revenue is sales tax, with monthly receipts typically available two months in arrears. After the presentation a board member moved to adopt the FDCIP updates and the FY2027 budget as presented; another member seconded, the chair called for the vote, and the board responded in favor. The chair announced no opposition and declared the motion carried.

The adopted FDCIP highlights projects including the Village Connection/FM 407 corridor trail and amenity station, city-trail landscaping associated with an FM 2499 tunnel, and priority trails on Briar Hill Road and district connections. Heather also noted earlier authorization on July 16 for professional services to obtain cost estimates for a project now listed under new projects.

Next steps noted during the meeting include routine monthly revenue updates from staff and future presentations as the board tracks implementation and supplemental funding requests.