Fiscal Responsibility And Capital Fund

1781 WordsSep 30, 20158 Pages
Introduction Weslaco, the city on the grow, has been living up to its nickname for the past decade. The city now anticipates more than a 6 percent population growth in the Mid-Valley’s primary retail trade area. As such, the Weslaco Economic Development Corp. has agreed to a three-year study aimed at identifying the city’s strengths and implementing a plan to spur additional growth. Budget concerns now turn facilitating this growth in an efficient and effective way for public stakeholders. The are multiple budget factors that will contribute to continued growth the city wishes to pursue: fiscal responsibility and capital fund increases being at the forefront. Critical factors will also include spending on critical areas like transportation…show more content…
Weslaco, currently occupies a land area of 15 square miles and serves a population of 36,856. The city is authorized to levy a property tax on both real and personal properties located within its boundaries. Additionally, by statute of the state is is authorized to extend its corporate limits by annexation, which occurs periodically when deemed appropriate by the City Commission. Thereby, raising the cities inhabitants to 64,000 when accounting for annexation. The city of Weslaco has operated under a Council-Manager form of government since its incorporation in 1928. Policy-making and legislative authority are vested in a city commission consisting of a Mayor and six Commissioners. The City Commission is responsible, among other things for enacting ordinances, adopting the budget, appointing committees, and hiring both the City Manager and City Attorney. Government Goals The City of Weslaco budget documents, states that the city, is committed to the promotion of high quality development in all parts of the City and to an ongoing improvement in the quality of life for its citizens. The document includes a coherent statement of organization-wide, strategic goals and strategies that address long-term concerns and issues. The City of Weslaco has previously developed economic development programs and incentives designed to encourage high quality business, commercial, professional sports
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