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The corporation reviewed a 5.3% increase in June sales tax collections, or 2.8% after adjustments, along with progress on 11 funded projects. No action was taken on executive-session items involving economic development negotiations or litigation.
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The financial report showed higher sales tax collections than the same month last year and included projections for future revenue, project commitments, spending capacity, and the fund balance through fiscal year 2027. The board also reviewed business-development activity, job growth, labor conditions, contract accomplishments, and plans for a strategic planning retreat. Discussions about three economic development projects and the IBEX Generator matter ended without board action.
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