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Staff presents conservative FY26–27 TIF No. 2 budget with $2.7 million revenue estimate
Summary
City staff told the Garland TIF No. 2 advisory board the proposed FY26–27 budget is conservative and based on estimated appraisal values; staff cited $2,700,000 in projected revenue and said certified values (expected July 24) may change the figure.
Staff member (S1) presented the proposed fiscal year 2026–27 budget for Tax Increment Financing (TIF) No. 2, saying the figure before the board is an estimate pending certified appraisal district values. “the number you see here, this $2,700,000 in proposed revenue,” the staff member said, adding that staff expects to update the council—and the board—after certified values are available.
The presentation said the proposed budget programs only the required general administrative transfers and an existing public‑safety contribution defined in the project plan; staff noted the $67,000 BASPRO incentive is in its final year. A board member asked whether the proposed ending balance will be used for projects; staff replied the balance (noted in the presentation as 2.37) currently has no planned expenditures and is being held for future opportunities. The staff member also said the city is pursuing a citywide tax‑rate election in November that affects the budget calendar.
