· Context
City files TIRZ #1 annual report for 2025: $2.26 million increment, $4.84 million fund balance
The City's Chapter 311 annual report to the Texas Comptroller for reporting year 2025 lists $2,257,382 in property tax increment received, a $4,839,587 tax increment fund balance, a $139,519,786 base value and $176,485,407 in captured appraised value. Reports for 2022-2024 show increments of $1.63 million, $1.77 million and $2.02 million.[1][2][3][4]
What the sources say
- ✓ Verified
The City's annual TIRZ #1 reports to the Comptroller list property tax increment received and year-end tax increment fund balance of $1,632,893 and $3,443,754 (2022), $1,774,401 and $4,253,894 (2023), $2,015,774 and $3,997,083 (2024), and $2,257,382 and $4,839,587 (2025).[2][3][4][1]
- Increment 2022
- $1,632,893
- Increment 2023
- $1,774,401
- Increment 2024
- $2,015,774
- Increment 2025
- $2,257,382
- Fund balance 2022
- $3,443,754
- Fund balance 2023
- $4,253,894
- Fund balance 2024
- $3,997,083
- Fund balance 2025
- $4,839,587
- ✓ Verified
For 2025 the report lists $682,890 in economic development spending, $199,600 in public improvements, $6,000 in administrative costs, $151,042 in other costs and $177,020 in other revenue, with $135,500 in bond principal and $36,314 in bond interest due.[1]
- Economic development
- $682,890
- Public improvements
- $199,600
- Administrative
- $6,000
- Other costs
- $151,042
- Other revenue
- $177,020
- Bond principal due
- $135,500
- Bond interest due
- $36,314
- ✓ Verified
Reported captured appraised value was $129,988,864 (2022), $152,987,567 (2023) and $176,485,407 (2025), with total appraised value of $316,005,193 in 2025; the 2024 report lists captured value as $0 and total value equal to the base, which the 2023 and 2025 reports do not support.[2][3][4][1]
- Captured 2022
- $129,988,864
- Captured 2023
- $152,987,567
- Captured 2025
- $176,485,407
- Total 2025
- $316,005,193
- ✓ Verified
In October 2022 staff told the TIRZ #1 board that 11 developer reimbursement agreements were active (12 had been made; one was terminated after the developer did not proceed).[5]
- Active agreements
- 11