2025 - 2026 Budget Book - Flipbook - Page 195
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Economic Development
Adena Lewis
Economic Development / Tourism Director
The main goals of economic development are to boost a community's well-being through job creation, retention, and
quality, fostering sustainable growth, improving infrastructure, enhancing education/skills, and creating a stable,
diverse tax base, all while ensuring inclusive prosperity and a higher quality of life for residents. It's a multifaceted
process beyond just growth, focusing on creating resilient economies with opportunities for everyone.
Tourism & Economic Development Department
$150K
Economic Development Approved Budget FY 2022 - 2026
$125K
$100K
$75K
$50K
$25K
0
FY2022
FY2023
Expenditures Actual
FY2024
FY2025
FY2026
Expenditures Budgeted
In FY2025, the Economic Development expenditures budgeted increased significantly to $126,464, marking a 110.49%
rise from the previous period. Actual expenditures for FY2025 were $76,487, which is a 78.76% increase from the prior
period. This indicates a substantial growth in both budgeted and actual spending compared to the earlier year.
For FY2026, the expenditures budgeted further increased to $130,619, representing a 3.29% rise from the FY2025
budgeted amount. This shows a continued, though more moderate, upward trend in budgeted expenditures for
Economic Development compared to the previous year.
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