SEDC board warns reduced hot‑fund revenue will limit future projects
The Stafford Economic Development Corporation board forwarded its FY27 budget to council, noting lower available hot funds and that reduced transfers to the city will constrain future incentive and project capacity.
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The Stafford Economic Development Corporation (SEDC) board presented and passed its FY 2026–27 budget and forwarded it to city council for approval. The SEDC representative told council the board had approved the budget (with one no vote) but cautioned that a recurring reduction in revenue passed to the city would limit the EDC's ability to fund future projects or offer incentives.
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