Was sent this anonymously recently: This appears to be quoting from a recent Glen Rose Reporter article initially (not sure of the date) and then some comments. Appears that the issue here is the spending of $8000 for a tanning bed for a salon.
"Last year, Glen Rose raised about $300,000 through its EDC sales tax. State law mandates that 4B EDC sales tax revenues be spent on community and economic development projects. During 2018, the Glen Rose EDC authorized funding for the following projects: $52,000 for a restroom remodel and drainage project at Oakdale Park, $9,718 for tables and chairs at Barnard’s Mill, $8,000 for a tanning bed and supplies for Rockin Hair Body and Soul Salon"
So we are using public money collected from sales taxes to fund a private business? How is that not a socialist policy? If they say they are Republicans, and are for small government and low taxes why not just lower the local sales tax rate? That would be a sensible policy, and would lead to benefits for all. I would think that economic development would be for things that bring people in to Somervell County, and I would think that because it is state law.
Turns out, the state agrees: from: Type A and B Economic Development Corporations Overview
Type B EDCs — Developing Industries & Cultivating Communities
Type B EDCs can fund all projects eligible for Type A, as well as parks, museums, sports facilities and affordable housing. However, Type B EDCs are subject to more administrative restrictions than Type A. More details »
Allowable Costs
There are some limitations on how sales tax revenues can be used to fund a project. Eligible expenditures include:
