Haslet EDC discusses FY2026–27 budget, tables final approval to July meeting

The Haslet HCEDC Type B board conducted an extended review of the proposed fiscal year 2026–27 budget during its June 17 meeting and decided to table final approval until the July meeting so staff can incorporate revisions.

Key points in the discussion included projected investment income (staff noted interest earnings were trending above the conservative $90,000 estimate toward roughly $120,000 year‑to‑date), sales‑tax softness in recent months, and how the board should treat project line items. Members debated whether to allocate budget for Chapter 380 incentive programs and agreed to leave incentive funding unallocated at this time, citing city council’s role in tax abatement decisions.

The board identified several line‑item changes they want staff to prepare before final approval: increase grant funding and beautification/lighting project amounts, clarify project descriptions and maps for grant eligibility (especially Schoolhouse Road and Old Town Core), and confirm any allocations tied to the Careway property before including them in the final budget. The board voted to table item 8.2 for a final review at the July 15 meeting to meet the July 17 filing deadline.