If voters approve the ballot initiative, the City would reallocate one-half of a percent of its sales tax toward the EDC. The EDC would be led by a seven-member board appointed by the City Council. The organization would be able to use the sales tax revenue for projects designed to attract businesses to Flatonia.
The City collected about $307,000 in sales tax last year. If local sales figures stay about the same, the EDC would receive a little over $100,000 a year.
Flatonia City Manager Mark McLaughlin said the EDC’s primary focus would be directed toward infrastructure projects.
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Source:: Fayette County Record