The Balch Springs Economic Development Corporation (EDC) Type B Board convened on August 13, 2025, to discuss the proposed budget for the fiscal year 2025-2026. The meeting focused on financial reports and the prioritization of projects aimed at enhancing community infrastructure and services.

The finance department presented an overview of the current budget, revealing that as of June, the EDC's revenues from sales tax stood at $843,000, approximately 56% of the budgeted amount. Overall revenues were reported at $850,000, while expenditures reached $2.1 million, resulting in a net loss of $1.2 million. The beginning fund balance was noted at $3.9 million, with projections indicating an end-of-year balance of $1.5 million.

A significant discussion point was the anticipated decline in sales tax revenue, attributed to economic fluctuations. The board acknowledged the need for conservative budgeting, adjusting projections downward from an initial estimate of $1.492 million to $1.475 million for the upcoming fiscal year.

The proposed budget for 2025-2026 includes total revenues of $1.447 million and expenditures of $5.3 million, marking an increase primarily due to planned capital projects. Among the key projects highlighted were upgrades to Irvin Park, which will involve field renovations and lighting improvements, with a budget allocation of $750,000 approved in the previous month. The board emphasized the importance of incorporating shade structures in playground designs to enhance safety and comfort for children.

Additionally, the board discussed the ongoing development of Alexander Village, with commitments of $300,000 for the Collector Road and an additional $100,000 for phase one of the project in the upcoming fiscal year.

The meeting concluded with a consensus on the need for further discussions regarding the budget's line items and the prioritization of projects, particularly in light of the new software system affecting payroll and benefits planning. The board is expected to reconvene to finalize the budget and address any outstanding questions regarding expenditures and project timelines.