The New Era - All about Sweet Home since 1929

City aims to set aside money to fund development


May 30, 2017

As it approved a city budget last week, the Sweet Home Budget Committee earmarked $200,000 for possible economic development projects during the 2017-18 fiscal year.

Following discussion on Thursday, May 25, the committee rejected a motion to allocate $500,000 from the General Fund’s ending fund balance to a newly created Economic Development Fund and chose instead to transfer the smaller amount.

The money is not slated for any specific project or program at this point, but is available for use by the community and economic development director with the approval of the City Council. The...

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