Lubbock Mayor Glenn Robertson is proposing to reduce the amount of tax dollars the city allots to the Lubbock Economic Development Alliance.
LEDA's primary purpose is to promote Lubbock and create jobs.
This proposal would cut a little over $600,000 from LEDA and its sister agency Market Lubbock's nearly $9 million budget.
Having said that, because overall revenue is up for the city, LEDA would still see an increase in their revenue over last year.
I am 100% behind the mayor's idea and I'm not sure this cut is enough. LEDA and Market Lubbock stand to garner $900,000 more than they did last year.
That's about 10% year to year expense growth. I personally think that number should be lower.
So whether you agree or not with the whole concept of LEDA, I think they can still serve their mission with less of our tax dollars.
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