Title
Discussion of issues relating to the Economic Development Corporation Report to the State Comptroller for Fiscal Year 2020.
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 2020 (Oct. 1, 2019-September 30, 2020) report is due by April 1, 2021. The report must be submitted online. The report will be submitted by City staff prior to the deadline and a copy will be provided to the DPCDCD Board of Directors as part of the April 26, 2021 Board meeting packet.
Fiscal/Budgetary Impact:
N/A
Recommended action
Discussion only.