Van Alstyne Council to Review Tax Increment Zone Amendment

Proposed Ordinance Changes

The Van Alstyne City Council will address a proposed ordinance during its July 14, 2026, meeting. The measure seeks to amend Ordinance No. 1064 and the Project and Financing Plan for Tax Increment Reinvestment Zone Number One.

The primary objective of the amendment is to adjust how the city handles tax increment participation. Specifically, the change would remove the Interest and Sinking tax rate from the calculation.

Legal Framework and Process

The proposed modifications fall under Chapter 311 of the Texas Tax Code. This statute governs the creation and management of tax increment reinvestment zones in Texas municipalities.

The agenda outlines a structured review process for the item. Council members will first review a presentation before opening the floor for a public hearing.

Next Steps for Council

Following the public hearing, the council will consider and act upon AG Communication-26-152. The final decision will determine whether the amended ordinance and financing plan are formally adopted.

All proceedings will be documented according to standard municipal records. The outcome will establish the updated parameters for Tax Increment Reinvestment Zone Number One.

References

City Council - Jul 14 2026 (2026-07-14). Retrieved from https://cityofvanalstyne.civicweb.net/Portal/MeetingInformation.aspx?Id=4418