The Trophy Club Economic Development Corporation (EDC) is gearing up for a crucial budget approval process as it prepares for the upcoming fiscal year. During the meeting held on May 22, 2025, members discussed the timeline and necessary steps to finalize the EDC budget for 2025-2026, emphasizing the importance of having it approved by July 1.
The meeting highlighted that the EDC has a 90-day window to finalize the budget, with a review session taking place to gather feedback and suggestions from members. This collaborative approach aims to ensure that all concerns are addressed before the budget is presented for final approval in June.
In addition to the budget discussions, the EDC is also preparing to present comments and feedback to McAdams, a consulting firm, to refine the final draft of their proposals. This draft is expected to be presented to the town council in July, marking a significant step in the development process for the community.
The meeting also touched on scheduling challenges, with multiple meetings planned for June, including a potential session on June 12. Members are encouraged to communicate their availability to facilitate effective planning.
As the EDC moves forward with these initiatives, the focus remains on ensuring that the budget aligns with the town's economic development goals and supports the community's growth. The upcoming months will be pivotal as the EDC finalizes its plans and prepares for the council's review.