Tomball City Council approves $24.8M TEDC budget for FY 2024-25

During two separate Aug. 19 meetings, Tomball City Council discussed and approved the Tomball Economic Development Corp. $24.88 million budget, which would help fund city projects for fiscal year 2024-25.

The breakdown

Tomball Economic Development Corp. proposed a FY 2024-25 budget consisting of $6.4 million in revenues and $24.88 million in expenditures, according to the TEDC’s budget documents.

The $24.88 million in expenditures will dip into the fund balance, which begins the year at $27.38 million and ends at $8.9 million, according to budget documents.

Diving deeper

According to the presentation, the city of Tomball will receive funding for these projects:

• $1 million a year for 20 years for the Southside sewer treatment plant's debt service
• $1.5 million for Main Street tree upgrades
• $3 million for South Live Oak redevelopment
• $5.5 million for First Baptist Church expenses

View the TEDC’s budget document below.