Page 36 - Westworth Village FY21 Budget

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ECONOMIC DEVELOPMENT (WRA) FUND

Economic Development (Westworth Redevelopment Authority) is funded by a ¼
cent citizen-authorized sales tax. Expenses are restricted, but this account
typically covers golf course deficits, parks/landscape, and administration. This
includes payroll for two full-time positions, a portion of a general mechanic, minor
vehicle and equipment needs, mowing of the medians, alleyways, and various
city common areas. Payroll includes a 3% cost of living adjustment, 12% TMRS
rate, and $700/month city paid insurance benefit.

Economic Development (WRA) Fund Overview

Goals and Objectives:
Goal: Increase sales tax through sustainable commercial growth
1. Objective: Create an attractive commercial district to sustain commercial business
and attract new businesses
2. Objective: Create city parks and amenities and improve city landscapes, providing
opportunities and areas for citizens to get out and improve their health and
wellbeing

Performance Indicators:

Goal Indicator FY 2019 Actual FY 2020 Actual FY 2021 Target
1 Sales Tax growth 4.0% 5% 5%
2 Create city parks 0 0 2

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