[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6495430,"mediaKeyId","5476203-e6905905b26b6ea4466996de776dfd23","parentId",5476203,"title","CIDC budget workshop: proposed FY26 shows about $8 million shortfall; board cites reserves for capital projects","audioSeconds",486,"startMs",578000,"endMs",1064000,"viewUrl","/Search/View?dp=1&key=5476203-e6905905b26b6ea4466996de776dfd23&start=578&end=1064","thumbnailUrl","https://assets.pipeline.soar.com/5476203-e6905905b26b6ea4466996de776dfd23/thumbnail_578000.jpg","articleUrl","/articles/6495430/Conroe/Montgomery-County/Texas/CIDC-budget-workshop-proposed-FY26-shows-about-8-million-shortfall-board-cites-reserves-for-capital-projects","mediaUrl","https://secure.pipeline.soar.com/6495430-021f006abba63a3692f4662083246a58/orig.mp4?Expires=1771052657&Signature=LOxWU-3K65k7ex2vMSXnbquolFFWIg9PZvnvlX2iWBBRuF1BJ7xeUr4CV7eY2cNfcJxDmgKPeLQiERkBaDryDmqC27xstwHqIaCpiVnQAgZhGdEjpHIZwbim2uitJgymLDG0rqrrB~4YWDNmrevaKR9LiVwSGYTrGZ6C~6RdfvM1JsD7GCfMPoz210okW7ZSaSFWshvEzEnEkXJYMwctJhAWc6XtN1JGFEhA~1bvbxGPjjhlb3Fa7uo2CbMxgUu8nEtgJt6Zu0zbvRvfjKFjGI9rFRbjX3f2jQUMQbIixdRxdeyLvOuJY-zIvf8OCGXGybjBAV1auJxQfRbas-BUXg__&Key-Pair-Id=KUT5TJCACFTXG","author","Conroe","date","2025-07-24T00:00:00Z","article","The Conroe Industrial Development Corporation held a budget workshop July 24 to review its proposed fiscal year 2026 budget and scheduling. Staff presented a proposed sales tax revenue figure for FY26 of $17,000,007.01, total proposed revenue of $18,000,007.34 and projected expenditures of $27,000,004.25, which the presentation characterized as leaving an approximate deficit of $8,000,006.90.

Finance staff described three CIDC funds—sales tax/clearing fund, CIDC general fund and CIDC debt service—and walked the board through projected transfers out, operating costs and debt-service obligations. The presentation identified rising debt levels and water and sewer infrastructure coordination with the City of Conroe as primary challenges for implementing development projects.

The presentation listed a projected total debt-service obligation for FY26 of $6,000,004.48 and itemized debt-service amounts associated with multiple bond series as presented by staff. Staff told the board the proposed budget would be submitted to the CIDC board and that the board’s adoption date is set for Aug. 28, with the fiscal year beginning Oct. 1.

A board member speaking during the meeting noted the projected deficit and urged context: “It limits what we can do clearly, when we start out at an $8,000,000 deficit. But part of that is that we've had a significant reserve and that reserve has to be used for water projects and to meet needs, capital improvement projects that we have all voted on,” the board chair said in public remarks (identity not specified in the transcript).

Staff indicated proposed reductions for office supplies and travel and training and said it would return with additional operating-budget details. During the workshop a board member asked staff to bring back the operating-budget specifics for further review before adoption.

No formal vote was taken on the budget at the workshop; the board scheduled a formal adoption vote for Aug. 28.","mediaType","Video","parentTitle","Conroe - CIDC","oneSentenceSummary","At a July 24 workshop the Conroe Industrial Development Corporation reviewed a proposed fiscal year 2026 budget showing a projected deficit of roughly $8 million and flagged rising debt, infrastructure coordination and use of reserves for water projects.","taxTitle","Conroe, Montgomery County, Texas","taxId",2810,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6495434,"Conroe CIDC authorizes $135,000 for outside legal counsel on convention center and hotel project",1026,118000,1144000,"/Search/View?dp=1&key=5476203-e6905905b26b6ea4466996de776dfd23&start=118&end=1144","https://assets.pipeline.soar.com/5476203-e6905905b26b6ea4466996de776dfd23/thumbnail_118000.jpg","/articles/6495434/Conroe/Montgomery-County/Texas/Conroe-CIDC-authorizes-135000-for-outside-legal-counsel-on-convention-center-and-hotel-project","https://secure.pipeline.soar.com/6495434-6828c781a2307e3cf60b16efc12de006/orig.mp4?Expires=1771052657&Signature=JEDOeaJKxHfskwo090aVwmy0eiB3Exv5dJ8A9uh5Fe4VGl4nhFINhFoQbUNdXsvaZ3zX4xBqFd-k8OTgdMvBYTlXytk5dB~RKKOX-7FN0mx7IDgtMghgRye36fZMiauIcNvXdBbEmcGB5TW-tirtzs94yRIe4T97875kL4BNp4v024Lb2ZXIMuCcD89SFxvlAzmJWkFQxzECzWjgVD0O2ToA4r5NfdBwFpO3XHZq-ImYTDbJUycSBJ6mUbryylX-ieXyL4GYwGU~7ZCbXRKCjKUpr0DxD8Ux6wqPqX-qlQfajZqUq3cxhZXUNmstSyJFPpTJllInU6eCDHzeNE~xsQ__&Key-Pair-Id=KUT5TJCACFTXG","The Conroe Industrial Development Corporation voted July 24 to authorize outside legal counsel to provide professional services related to the Conroe Convention Center and hotel project in an amount not to exceed $135,000.

Board members amended the amount downward from $145,000 to $135,000 during the open meeting. A board member moved the amendment and another board member seconded; members called for the vote and all present responded “aye,” approving the authorization.

The authorization follows an earlier executive session described by the board as covering financial incentives and legal advice related to the convention center and hotel project. During public comment earlier in the meeting, citizen Betty Bourne Avery asked whether the CIDC’s expenditures on the Hyatt matter would be directed toward mediation or litigation and suggested the board consider appellate venues; she asked, “Will this money be spent for just mediation only, trying to come to terms to resolve these issues, or will there be a filed case suit in court?”

In addition to the legal-counsel authorization, the board approved two routine items during the meeting: the June 26, 2025 regular meeting minutes and the June treasury report. Each of those motions was moved, seconded and approved with members answering “aye.”

The board did not specify further procurement details or contract terms for the outside counsel during the public portion of the meeting. The agenda item described the authorization as allowing the city attorney to permit retained outside counsel to engage in professional services related to the Conroe Convention Center and Conroe Hotel.

The meeting adjourned at 4:46 p.m.","The Conroe Industrial Development Corporation on July 24 approved up to $135,000 for retained outside legal counsel to provide services related to the Conroe Convention Center and hotel project; the board also approved minutes and the June treasury report.","actionData","errors"]

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CIDC budget workshop: proposed FY26 shows about $8 million shortfall; board cites reserves for capital projects

Conroe CIDC authorizes $135,000 for outside legal counsel on convention center and hotel project