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Dayton EDA to operate from reserves after council sets EDA levy at $0
Summary
City council’s preliminary levy left the EDA’s requested levy at zero, prompting debate among members about relying on roughly $689,000 in existing funds versus building a spending history to justify future levies. Members asked staff for financial history and to demonstrate results before seeking new tax revenue.
Dayton’s Economic Development Authority was told the city council set the EDA’s preliminary levy request to $0, leaving the authority to operate from existing reserves and grant funds. Board members debated whether to spend from the roughly $689,000 in EDA funds or to preserve reserves and produce documented results before returning to voters for an annual levy.
Staff explained the council’s levy…
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