County plans to kill tax that funds local EDC

Commissioners will stop tax funding to the EDC by 2024 and reallocate economic development incentive fund monies to the general fund budget

  • By Business Observer Staff
  • | 1:39 p.m. June 9, 2021
Commissioner Mike Moran, who brought forth the proposal, has long criticized the effectiveness of the EDC and said it was time the organization be held accountable.Â
Commissioner Mike Moran, who brought forth the proposal, has long criticized the effectiveness of the EDC and said it was time the organization be held accountable.Â
  • Manatee-Sarasota
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Sarasota County Commissioners, with a 3-2 vote, approved a proposal that will begin phasing out the county’s local business tax and redirect the Economic Development Corp.’s existing reserves to the county’s general fund budget. 

 

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