Tax Increment Reinvestment Zone #1 (TIRZ) Meeting | August 12, 2026

The City of Kerrville Tax Increment Reinvestment Zone #1 (TIRZ) meeting on August 12, 2026, focused primarily on economic development grant programs aimed at supporting local businesses, particularly in the wake of recent flood damage. The board reviewed the status of exterior enhancement grants, with 15 projects selected for funding and $16,493 reimbursed so far. They discussed extending and increasing funding for both the exterior enhancement and parking lot enhancement grants, proposing to double the available funds from $100,000 to $150,000 for exterior improvements and from $50,000 to $100,000 for parking lot projects. The board also considered removing the matching fund requirement for these grants to better assist businesses recovering from flood damage. Additionally, the meeting covered property tax increment revenues exceeding projections, budget approvals for FY 2027, and strategies to encourage affected businesses to apply for tax exemptions and grants. The board agreed to keep grant application deadlines flexible and to explore the possibility of a separate flood recovery grant program. A motion to approve the FY 2027 proposed budget was passed unanimously, and plans were made to reconvene in September to further address grant program adjustments and flood recovery efforts.