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Temple City Council held a public hearing on renewing and amending its Economic Development Policy, with final consideration scheduled for May 21. The proposed changes raise the benchmark median hourly wage from $17.17 to $19.52 and the related annual salary threshold from $35,439 to $40,604. Council also approved a consent agenda that included projects and purchases totaling at least $1,988,706.90, a 45-mph speed limit on part of South 31st Street, and a rezoning request.
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The economic development policy sets the rules for incentives such as property-tax abatements and other business-investment programs. The proposed renewal would use higher wage standards when evaluating job-creation incentives, but the record indicates final action was deferred to May 21. Separately, the approved consent agenda authorized funding for technology, drainage, trail, roadway, and detention-pond work, along with a new speed limit and a zoning change.
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