Anna EDC and CDC review 2025–26 budgets; board asks for clearer marketing KPIs

City of Anna Economic Development Corporation (EDC) and Community Development Corporation (CDC) members discussed proposed fiscal 2025–26 budgets and strategic priorities at a June 19 joint meeting in Anna Municipal Complex, asking staff to provide clearer marketing performance measures and return with a final budget for board approval in July.

The discussion matters because the CDC and EDC control dedicated sales-tax revenues and reserve funds used for business incentives, land acquisition and downtown grants. Staff reported substantial fund balances and projected revenue growth that could fund incentives and downtown projects if the board approves the final plan.

Mr. Parker, presenting the budget, outlined revenue and expenditure assumptions for both the CDC (type B) and EDC (type A). He said fiscal 2024 actual CDC sales-tax receipts were about $3.2 million and that total CDC receipts including interest and other revenue reached about $3,700,000. He described a proposed CDC operational budget of $3,446,331 and said staff is budgeting conservatively for a projected 12% sales-tax increase for budgeting purposes, which would put next-year CDC sales-tax receipts near $3.6 million. He said the CDC fund balance at fiscal year-end 2024 stood at roughly $8,000,233 and projected an…