Council splits on Approval of FY 2027 EDC Budget

Approval of FY 2027 EDC Budget

0 yes, 0 no

Performance-Based Agreement: Elite Metal Finishing LLC

0 yes, 0 no

Performance-Based Agreement: Machine Sciences Corporation

0 yes, 0 no

Election of Officers

0 yes, 0 no

Approval of July 20, 2026 Minutes

0 yes, 0 no

Mutual Termination with New Hope Land LP

0 yes, 0 no

Elite Metal Finishing LLC

Cedar Tech 1, Building 2

A performance-based grant for a precision CNC manufacturer to expand its operations into Cedar Park.

approved · still approved

economic development

The city is using performance-based grants to attract aerospace and defense companies, which helps grow the local job market and tax base.

What it means: The city is providing a total of $1.76 million in performance-based grants to these two companies.

FY 2026 Budget and Tax Rate

The city is proposing a tax rate increase to cover rising costs for city services, police, and fire protection. Residents are concerned about the impact on their household budgets.

What it means: The average homeowner would see an annual adjustment of $49 in their city tax levy.