Victoria Sales Tax Corp. passes budget
Oct. 18, 2011 at 5:18 a.m.
The Victoria Sales Tax Development Corp. approved a $9.04 million budget on Tuesday.
The corporation is responsible for spending a voter-approved ½-cent sales tax, said O.C. Garza, communications director.
The total budget for the 2011-12 fiscal year was $9,040,459.
The largest utility project approved by the corporation was for downtown, according to an email by Reyna that detailed the budget. At $2.85 million, the project would replace water and sewer lines on parts of Cameron, Navarro, Convent and Church streets.
In total, the corporation budgeted $5.28 million for construction and engineering projects to replace or fix downtown water and sewer lines.
The corporation also approved $1.06 million to pay off the debt associated with the Youth Sports Complex Project.
The Victoria Economic Development Corp. was slated to receive $362,000.
That number was bumped up by $12,000 after the VEDC's president, Dale Fowler, requested more money to cover additional office-rental expenses set by the city.
The VEDC's offices are in the city's building at 700 Main Street. Fowler also sits on the sales tax corporation as a non-voting member.
The corporation also budgeted $300,000 to pay for services from the city secretary, as well as the city's finance and legal departments. There was another $12,000 budgeted for maintaining and operating a business park at the Loop 463 and Lone Tree Road intersection.
The corporation also approved $365,000 for the Huvar Street Overlay Project. It would install about 500 feet of curb, gutter and sidewalk on the street following another utility replacement project.