Tax Increment Reinvestment Zone #1 | November 4, 2026

The City of Kerrville Tax Increment Reinvestment Zone #1 board met November 4, 2026. Staff reported 20 exterior-enhancement grant applications, of which 18 were eligible, and 18 parking-lot enhancement applications, of which 16 were eligible; no mold-remediation applications had been received. Eight exterior grants totaling $30,320 had been paid, with just under $30,000 in pending encumbrances. September 30 financial figures included $371,000 in property-tax revenue—$68,000 above the year-to-date estimate—$4,800 for public downtown restrooms, an estimated ending fund balance of $1,391,824, and $972,000 unrestricted. The city was not awarded a CDBG grant, so the TIRZ’s planned $100,000 local match was not used. No new grant awards were approved at this meeting.

The board unanimously approved a motion to remove grant application deadlines and keep programs open until their funds are exhausted; staff noted that unspent funding will need to be re-budgeted or reauthorized for the next fiscal year. Members discussed options for removing deteriorated downtown bricks and agreed to bring a recommendation to City Council before pursuing quotes or bids; no formal vote was taken because the item was for discussion and information. Staff will continue exploring parking-garage sign placement with the Cailloux Foundation and return with options and final project costs. A member also requested that a downtown/TIRZ parking study be placed on a future agenda. No contract awards or vendor selections were made.