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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 packet) and that, based on current project commitments and legal and planning expenses tied to development work, staff projects an overrun in the range of about $13,000 to $30,000. He recommended using EDA reserves — which he said total about $360,000 — to cover the excess and returning with a budget adjustment at a later meeting.
“We are projecting to be over between 13 to 30,000,” Zemer said, attributing the pressure to work tied to the Highway 52/Blaine Avenue project, commercial recruitment and other planning efforts. He told members staff has been tracking expenditures and that, to date, approved projects have fit within the budget until the recent shift to more intensive planning and legal work.
Members also asked about the EDA’s trade-show presence. Zemer said the EDA budget includes funds in 2026 to maintain a booth at the event noted in the packet (referred to in the transcript as the Mint Car or Mincar booth) and to cover registration and giveaways. Commissioner Takach said the EDA should keep its presentation and materials relevant to attract attendees.
No budget amendments were adopted at the meeting; Zemer said staff would return with a formal budget adjustment after finalizing year-end figures and next steps.
