Page 464 - Southlake FY23 Budget
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APPEnDIx
Financial Policies
FInAnCIAL POLICIES
city of southlake
economic Development investment funD eXpenDiture guiDelines
• GUIDING PRINCIPLE: Expenditures of Economic Development Investment Funds will stimulate the local economy
by providing funding to achieve the City’s strategic economic development goals
• Expenditures will support implementation of the Economic Development Master Plan which is focused on
achieving a vibrant, sustainable economy.
• Expenditures for public investment that have no alternate funding source which may include:
• Project enhancements desired by the City that meet established development goals such as open space
preservation
• Up-front incentive designed to address unique needs such as job creation tied to occupancy of an historically
vacant property or job retention related to redevelopment
• Non-recurring studies or planning needs that promote growth in target industries.
• Non-recurring marketing and other recruitment efforts designed to support the development of target
industries.
BUDGET BOOK | FY 2023 City of Southlake 463
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