Anna CDC and EDC Adopt Fiscal 2025–26 Budgets

The Anna Community Development Corporation (CDC) and the Anna Economic Development Corporation (EDC) adopted separate fiscal 2025–26 budgets during a joint meeting and public hearing at the Anna Municipal Complex. The public hearing opened at 6:03 p.m.; after a presentation by Economic Development Director Mr. Parker and board discussion the CDC and EDC budgets were approved by unanimous voice vote.

The CDC’s proposed budget presented to the board was described by Parker as ‘‘right at $3,400,000.0’’ for the fiscal year, with about $1,000,000 budgeted for grants and incentives and ‘‘a little over $300,000’’ for marketing and promotion. Parker said the CDC used a conservative sales-tax projection for the coming year (he cited a roughly $3,600,000 projection) and noted the agency’s policy that marketing and promotion is limited by state law to 10% of projected revenue.

Parker told the board the CDC’s budget assumes continued investment in downtown plan implementation and lists services contracts (online real-estate databases, branding work) and operational expenses such as building maintenance and legal services. He said estimated fund balance at the end of fiscal 2025–26 would be ‘‘roughly right at $8,000,000’’ under the current projections.

Parker also described the EDC as a separate, smaller fund that does not receive general sales tax revenue because of prior voter action. He summarized the EDC’s projected revenue as ‘‘a little over $228,000’’ and said projected fund balance after expenditures is ‘‘a little over $5,700,000.’’ He noted the EDC budget includes maintenance costs for the 3 Nations Brewery building and type‑A grants, and that personnel costs are paid out of the CDC rather than the EDC.

Board discussion included questions about services reduced in the last year and shifts to in‑house marketing that Parker said trimmed about $160,000 from contract services and reallocated a portion toward a newly created staff position. Board members asked about a $40,000 line for contracted target‑industry analysis; Parker said the money was not used last year and is being carried forward for a possible firm engagement to pursue industrial prospects.

The CDC and EDC budgets must be forwarded to the City Council for final approval; Parker said the CDC budget should be approved by the board by Aug. 1 so it can be considered by council in August as required by the corporation’s bylaws. The board approved the CDC budget by motion (mover: Mr. Williams) and second (not specified in the record), then approved the EDC budget by motion and second (both not identified by name in the roll call). Both votes were recorded as voice votes with no opposed votes noted.

Votes at a glance: - Resolution 2025‑7‑6 (CDC budget): Approved by the board (voice vote; unanimous). Motion to approve made by Mr. Williams; second not specified in the record. - Resolution 2025‑7‑7 (EDC budget): Approved by the board (voice vote; unanimous). Motion and second not attributed to named members in the transcript.

The board opened and closed the required public hearing on the CDC budget during the meeting before taking the votes.

Parker offered to answer follow‑up questions and said staff would present final materials and bring the approved budgets to council for review.