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Terrell EDC outlines limits and opportunities of Type A vs. Type B sales-tax projects
Summary
Amy, a representative of the Terrell Economic Development Corporation (EDC), briefed the Park and Downtown Improvement Corporation on statutory limits and opportunities for Type A and Type B sales-tax-funded projects, and described prior EDC investments including a $250,000 infrastructure contribution tied to the Buc-ee’s/Crossroads project.
Amy, a representative of the Terrell Economic Development Corporation (EDC), gave the Park and Downtown Improvement Corporation an overview of how the city’s Type A and Type B economic-development sales-tax funds may be used and where the EDC has focused spending historically.
The presentation emphasized that Type A funds are narrowly prescribed for primary-job projects — manufacturing, distribution, aviation-related parks, and similar uses — and that Type B funding, which voters must approve, allows a broader set of activities including certain quality-of-life and downtown projects. Amy said voters have approved carving one quarter of local sales tax for Type B projects while three quarters remains for Type A projects. She also described specific past investments the EDC supported, including…
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