The Marble Falls Economic Development Corporation (EDC) board assembled twice during day one of the new fiscal year, first for a work shop. Later, it reconvened for a regular meeting.
As Fiscal Year (FY) 2025-2026 got underway, the board conducted both sessions Oct. 1, at city hall, 800 Third St. The members took no action during the workshop, nor did they hold any vote on any issue during the regular meeting.
Yet both sessions were driven by determined purpose.
“The EDC is committed to advancing the (Marble Falls) community while maintaining the small-town feel we know and love,” EDC Executive Director Christian Fletcher said.
For sure, Fletcher offered a realistic view of EDC finances during FY 2026.
According to city documents, about 95% of the EDC annual budget comes from sales tax collections of more than $4 million.
Fletcher indicated he does not expect that sum to budge much during FY 2026.
“We assume sales tax revenue will continue to be pretty flat during the next several months, at least until some of the uncertainty regarding the global economy diminishes,” he told EDC board members.
During his address to board members, City Manager Caleb Kraenzel said the Marble Falls city council and staffers plan to see progress on several projects during FY 2026, including the extension of
Nature Heights Drive, the construction of a bridge over Avenue N, continuous work on a new wastewater treatment plant, and the completion of the luxury Ophelia Hotel and Conference Center near Lake Marble Falls.
“The Ophelia is expected to open in October of 2026,” Fletcher noted.
