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EDA projects a modest 2025 budget overrun; staff proposes using reserves
Summary
Director Jason Zemer told the EDA the authority’s 2025 budget is projected to be $13,000–$30,000 over current appropriations because development work moved into an active phase; he proposed covering the shortfall from roughly $360,000 in EDA reserves and returning with a formal adjustment at a subsequent meeting.
At the Dec. 8 meeting of the Inver Grove Heights Economic Development Authority, Director Jason Zemer presented a year-end projection for the EDA’s 2025 budget and warned the authority may exceed the approved spending plan by a modest amount as previously authorized development work shifted into a more active phase.
Zemer said the EDA has an approved budget of $2,208,815 (figure read from the meeting…
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