Title
Discussion of issues relating to the Economic Development Corporation Report to the State Comptroller for Fiscal Year 2023.
Body
Summary:
Section 502.151 of the Texas Local Government Code requires Texas economic development corporations (EDCs) to file annual reports with the Comptroller's office. This has been a requirement since 1997. Each even-numbered year, the information is compiled and reported to legislators and taxpayers to inform them how Type A and Type B EDCs are using tax dollars to support economic development in Texas cities.
The Fiscal Year 2023 (October 1, 2022 - September 30, 2023) report is due by April 1, 2024. The report must be submitted online. The report has been submitted by City staff prior to the deadline, and a copy is provided to the DPCDCD Board of Directors as part of the January 22, 2024 Board meeting packet.
Fiscal/Budgetary Impact:
N/A.
Recommended action
Discussion only.