PILLAR: Growing
AGENDA DATE: February 25, 2026
COUNCIL DISTRICT(S): 2, 14
DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
A resolution accepting the FY 2024-2025 Annual Report on the status of Tax Increment Financing Reinvestment Zone Number Eleven (Downtown Connection TIF District or District) and authorizing the City Manager to submit the annual report to the Chief Executive Officer of each taxing jurisdiction that levies taxes on real property in the District and to the State Comptroller, as required by state law - Financing: No cost consideration to the City
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
State law (the Tax Increment Financing Act, Texas Tax Code, Section 311.016, as amended) requires that the City Council, as the City’s governing body submit an annual report on the status of each reinvestment zone it has created to the Chief Executive Officer of each taxing unit that levies taxes on real property in the zone, as well as the State Comptroller. On June 8, 2005, City Council authorized Ordinance No. 26020, as amended, establishing Tax Increment Financing Reinvestment Zone Number Eleven (Downtown Connection TIF District). On August 29, 2005, City Council authorized the Project Plan and Reinvestment Zone Financing Plan for this District by Ordinance No. 26096, as amended.
The Downtown Connection TIF District’s 2025 certified assessed taxable value was $8,244,997,180.00. This represents an increase of $7,657,809,313.00 (1,304.0%) over the adjusted base year taxable value of $564,917,317.00, as well as an increase of $443,084,126.00 (5.7%) from the 2024 final taxable value of $7,801,913,054.00. The increase over the adjusted base year taxable value will result in an estimated collection in 2026 of approximately $48,144,322.00 (City $48,144,322.00; County $0.00) in incremental revenue for the Downtown Connection TIF District. Dallas County’s participation in the Downtown Connection Sub-District ended with the collection of tax year 2019 increment.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On June 8, 2005, the City Council held a public hearing and authorized the establishment of Tax Increment Financing Reinvestment Zone Number Eleven, the Downtown Connection TIF District by Resolution No. 05-1779; and Ordinance No. 26020, as amended.
On August 29, 2005, the City Council authorized the Project Plan and Reinvestment Zone Financing Plan for the Downtown Connection TIF District by Resolution No. 05-2544; and Ordinance No. 26096, as amended.
On February 9, 2026, the Downtown Connection TIF District Board of Directors recommended that the FY 2024-2025 Annual Report be accepted and approved.
The City Council was briefed by memorandum regarding this matter on February 6, 2026. <https://dallascityhall.com/government/citymanager/Documents/FY25-26%20Memos/Upcoming%20Agenda%20Items%20FY%202024-2025%20Tax%20Increment%20Financing%20(TIF)%20District%20Annual%20Reports.pdf>
FISCAL INFORMATION
No cost consideration to the City.