The Fayette Citizen-Business Page
Wednesday, March 17, 1999
Chamber votes to affirm further development authority funding

The Fayette County Chamber of Commerce Board of Directors voted unanimously last week to support a resolution of continued funding for the embattled Fayette County Development Authority.

"The Board feels strongly that the Fayette County Development Authority is an important part of a countwide team whose mission is to bring top-quality business investment to Fayette County in order to help balance the tax digest," said treasurer Tom Farr.

"The return on investment through tax revenues to Fayette County far exceeds the relatively modest level of funding to the Fayette County Development Authority," said immediate past chair Dot Kite.

"Additionally, that return on investment is critical to the livelihood of our service, commercial and retail businesses who in turn pay taxes to local government. As Fayette County continues to be the location of choice for young families, these taxes also help to fund the countywide school system."

The resolution calls for the continued funding of the Fayette County Development Authority in an amount sufficient for the succesful continuation of their efforts on behalf of the county.

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