Government
BY TOMER RONEN & AUBREY VOGEL
Missouri City to change incentive programs Missouri City officials have proposed an ordi- nance to update the city’s incentive programs aimed at revitalizing key areas. The big picture At a Sept. 15 meeting, Missouri City City Coun- cil approved the first reading of an ordinance to update its economic development incentive programs by establishing criteria, removing location restrictions and a creating a streamlined review process. The changes were first presented at a June meeting. The details The proposed updates would separate the funds into two programs, with one for new development and another for redevelopment, City Attorney E. Joyce Iyamu said. It would
Local entities approve FY 2025-26 budgets Sugar Land amended its proposed tax rate, while Missouri City maintained its tax rate for the third consecutive year. Zooming in Sugar Land officials approved the city’s $519.84 million budget at a Sept. 16 meeting with an emphasis on public safety. Additionally, council approved $0.358827 per $100 valuation tax rate, a 1.6% increase from last year. The approval came after city staff proposed a 1-cent tax rate increase for FY 2025-26, putting the rate at $0.36321 per $100 valuation. Meanwhile, Missouri City approved its $255.63 million budget at a Sept. 15 meeting with a focus on mobility and public safety. Council also held the city’s $0.570825 per $100 property valuation tax rate.
Missouri City incentive program criteria Tax impact
Financial viability Innovation Architectural design Job creation
Location National brand
Destination business
For more information on the incentive programs, visit communityimpact.com .
SOURCES: CITY OF MISSOURI CITY/COMMUNITY IMPACT
also establish a matrix for scoring potential participants. To qualify, businesses must be for-profit, located on taxable property in city limits and have no open code violations. The site must have not had any city incentives within the past three years. Looking ahead The second reading of the ordinance will be heard at an Oct. 6 meeting after press time. If approved, city officials plan to open applications Nov. 1.
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