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EDA divided on proposed $62,500 operating budget; members split over levy vs. reserves
Dayton Economic Development Authority · August 20, 2024
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Summary
Staff proposed an EDA operating budget of $62,500 with line items for real estate, legal, marketing and partner programs. Members debated whether to levy or use reserve funds, with some calling the proposal speculative and urging a year of actual spending history before setting a levy.
City staff presented a proposed Dayton EDA operating budget of $62,500 that would include $20,000 for a real‑estate broker, $20,000 for legal costs, $5,000 for marketing, $2,500 for Elevate Hennepin County, and $15,000 for miscellaneous expenses. Staff said the council appears inclined to use…
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