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]
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