LEDC presents FY 2025–26 budget showing $1.27M deficit driven by SPC commitment
The Levelland Economic Development Corporation projected $1,159,499 in revenue and $2,427,310 in expenditures for FY 2025–26; a $1,500,000 commitment to the SPC Truck Driving School drives a presented deficit of $1,267,811.
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The Levelland Economic Development Corporation (LEDC) presented its FY 2025–26 budget showing projected revenues of $1,159,499, including $968,999 from sales tax (a 3.0518% increase), and projected expenditures of $2,427,310. The board’s $1,500,000 commitment to the SPC Truck Driving School is the principal driver of the presented deficit of ($1,267,811).
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