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Economic Development Commission requests steady funding; director says quarterly reporting and reserves provide stability
Summary
Fredericksburg Economic Development Commission asked city and county to continue current funding of $132,000 each for fiscal 2026; director said expenses rise only modestly (about 4.8% over last year) and the commission holds roughly seven months of cash to respond to opportunities.
Tim, director of the local Economic Development Commission (EDC), presented a modestly expanded budget request for fiscal 2026 and asked the city and county to maintain support at current levels.
Tim said total EDC expenses are projected to rise about 4.8 percent versus last year and that the commission seeks $132,000…
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