FY 24-26 ADOPTED BUDGET

Economic Development (continued)

Financial Comments Economic Development activities are funded through the General Fund. The proposed budget for the next two - year cycle is consistent with previous funding, with the exception of the City ’ s portion of annual funding to the PBID. In addition to supporting staff salaries, the proposed budget includes consultant contracts to advance retail analytics, financial and legal consultant contracts to support hotel and retail development, and economic mobility workforce development activities. The Economic Development Fellow position will be eliminated and replaced with the Management Analyst position that will support the entire Development Services Department.

274 DEVELOPMENT SERVICES