The Wylie Economic Development Corporation presented its proposed $10.3 million budget for fiscal year 2025-26 to the Wylie City Council on Tuesday, July 8.
The proposal, which includes targeted investments in infrastructure, staffing and engineering services, was expected to receive preliminary approval before returning for final adoption later this month.
The WEDC anticipates having $13.99 million in available resources for the coming fiscal year, driven by projected sales tax revenue of $5.39 million and nearly $2.9 million in proceeds from the sale of corporation-owned properties. The beginning fund balance for fiscal 2025-26 is estimated at $5.68 million.
Under the proposed budget, total expenses would amount to $10.31 million, with several key line items reflecting changes from the previous year.
Personnel services are budgeted at $776,716, an increase of more than $110,000 from the prior year. The proposed increase includes funding for a new position anticipated in early fiscal 2026, primarily to assist with cross-training ahead of a planned retirement.
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