Page 27 - Mansfield 2019 Operating Budget
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Mansfield Economic Development Corporation (MEDC) Fund
Revenues
The sales tax revenue for the MEDC Fund is $6,063,890 in FY 2018-2019, inclusive of debt service. Of
that amount, $1,573,488 is for operations and maintenance. $1,833,027 of the total revenue is
appropriated for approved economic development projects. Revenues result from a ½ cent sales tax
approved by the voters in 1992. Since inception, these revenues have steadily increased. Sales tax and
reserves are used to finance economic development projects.
Staffing
No new positions are budgeted in FY 2018-2019.
Operations and Maintenance
The operating budget decreased in FY 2018-2019
Debt
The debt service payment in the Mansfield Economic Development Fund is $2,657,375.
Transfers
$17,000 is budgeted for the MEDC portion of insurance coverage.
Equipment
No new equipment or facility improvements are budgeted in FY 2018-2019.
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