4A, 4B budgets approved

by | Sep 14, 2017 | Latest

The budget for 4A and 4B have been approved. (Courtesy photo.)

Both the Farmersville Economic Development Corporation (4A) and the Farmersville Community Development Corporation (4B) are ready to head into a new fiscal year after their budgets were recently approved by city council.

4A and 4B are both funded from half of a cent of each penny that the city of Farmersville receives in sales tax dollars.

For the economic development corporation, their goals focus on business retention and expansion and a partnership with Collin College.

Their total revenue for their 2017-’18 FY budget is $267,800, compared to last year’s budget of $221,100.

Administrative expenses are $5,200, marketing expenses are $26,400, development related expenses are $235,000 totaling $261,400 in expenditures.

By Wyndi Veigel • News Editor • [email protected]

For the full story see the Sept. 14 edition or subscribe online.

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