You’ve been granted free access to this subscribers only article.
FEDC approves $750K spending plan for FY ’15
It now is up to the Floresville City Council to approve the Floresville Economic Development Corp.’s (FEDC) fiscal year 2015 budget. Following the FEDC’s Aug. 11 board meeting, Executive Director Tommy Baker said the corporation estimates the corporation will end the current fiscal year with $750,000 in total revenue -- a majority of which comes from the proceeds of a half-cent sales tax. The budget for the coming year is based around that figure.
New budgetary considerations for the 2015 fiscal year include $150,000 being allocated for new business development, which Baker said would be used to assist incoming firms with items such as the extension of utility lines. The FEDC also is allocating $15,000 to assist the city with maintenance and development of parks. The corporation’s $30,000 allocation for façade grants will continue for a second year.
Baker said the board anticipates $600,000 in expenses for the coming fiscal year, with a surplus of $180,000.
Baker also informed the board about the following matters:
•A recent meeting with a San Antonio man interested in renting a downtown Floresville building for use as a bakery, which would serve both retail and wholesale customers
•Two separate developers of a truck wash and an apartment complex are interested in a portion of the current Richardson Bros. Chevrolet Polaris property that will go unused after the Floresville Independent School District establishes its new bus barn.
For more about the FEDC’s Aug. 11 board meeting on this page.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Section A: General News Archives
AACOG plans public meeting (May 4, 2016)
Accident injures two drivers (May 4, 2016)
AgriLife offers tips to protect from Zika, other mosquito-borne diseases (May 4, 2016)
Behind the lens: Solitary stillness (May 4, 2016)
Celebration Mass June 12 (May 4, 2016)
Cemetery association meeting (May 4, 2016)
Condos are fine, but do your research (May 4, 2016)
Court Update (May 4, 2016)
Crime Stoppers aids police anonymously (May 4, 2016)
DA, DPS bust nets 86 charges (May 4, 2016)
Debate over citizens comments dominates Floresville council (May 4, 2016)
Dwellings At Home offers lodge, ranch furnishings, more (May 4, 2016)
Editorial: Overbearing city council threatens boards’ independence (May 4, 2016)
Editorial: Taking personal responsibility will bring possibilities (May 4, 2016)
Editorial: Trump is the same old song with one more verse (May 4, 2016)
FEDC tables recommendation of master parks plan (May 4, 2016)
FELPS tornado repair continues as FEMA help stalls (May 4, 2016)
Floresville Chamber Luncheon May 18 (May 4, 2016)
Hall of Fame inductees: Joe Kotwig, Malcolm and Beverly Talley (May 4, 2016)
Letter: Alamo Colleges: A bust for Floresville (May 4, 2016)
Local nursing homes plan Senior Olympics May 9-13 (May 4, 2016)
Look twice for motorcycle riders (May 4, 2016)
Lyssy’s vault earns gold, sets records! (May 4, 2016)
Medicaid, CHIP application assistance (May 4, 2016)
Meeting Watch: Wilson County Commissioners Court (May 4, 2016)
National Day of Prayer May 5 (May 4, 2016)
Police Blotter (May 4, 2016)
Ramirez promoted to colonel (May 4, 2016)
Reserve a seat for SA Tea Party (May 4, 2016)
Tanneberger tops in sales (May 4, 2016)
Treviño prepares to take reins of East Central athletics (May 4, 2016)