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Dayton EDA narrows 2027 budget target to roughly $100,000, emphasizes priorities
Summary
The Dayton EDA began 2027 budget planning and directed staff to develop a proxy budget around $100,000 focused on core operating needs, property-related revenues and targeted projects; members prioritized operating baseline, potential business subsidies and marketing tools for economic development.
The Dayton Economic Development Authority began planning for its 2027 budget and gave staff direction to prepare a preliminary, prioritized budget roughly in the $75,000–$100,000 range, with a working target of $100,000.
Staff member (S5) explained the EDA budget runs on a calendar year and outlined a proposed package that included a $25,000 baseline to cover routine operations, about $55,000 in property taxes for next year, and a range of additional items. “Taxes are about $55,000 for next year,” S5 said as part of the baseline estimates. S5 also noted the statutory maximum EDA levy was quoted at $448,660 in the packet materials.
Board members debated whether to build the budget up from identified needs or to plan from the maximum levy downward. Committee member (S2) and others favored a needs‑based, zero‑based approach: identify required legal and operating items (attorney, taxes, minimal operations) then add prioritized projects. Committee member (S3) and Chair (S1) emphasized focusing on must‑haves and tested a planning target; Chair (S1) said, “Let’s say we take a 100,” and members generally agreed that $100,000 is a practical planning figure while staff refines line items.
Specific line items discussed included marketing subscriptions (Placer AI, CoStar, Golden Shovel), a proposed Stantec utility‑box inventory ($40,000), a TKDA railroad‑spur feasibility study ($30,000), a revolving loan fund placeholder and a $200,000 placeholder for business subsidies. Members questioned the value and legal limits of some marketing subscriptions and suggested reserving funds only for projects with defined partners or committed match funding.
On property strategy, members discussed using proceeds from planned property sales (Triangle property and Robinson Street parcel) to fund future EDA projects rather than relying solely on levy increases. Staff confirmed the Triangle property (6.6 acres) is for sale and that the EDA is accepting letters of intent.
Next steps: staff will produce a draft proxy budget based on the $100,000 planning target, run line‑by‑line reviews with a subset of EDA members, and present a refined preliminary budget for EDA recommendation to the city in advance of the September preliminary adoption timeline.
