Murphy City Council heard firm figures on an election to convert a portion of sales taxes designated for economic development to street construction and repairs, and took action on waivers requested for a new commercial building.
The council met in regular session Tuesday, Nov. 20.
Asking voters to reallocate sales tax revenues to streets from Murphy Municipal Development District was originally addressed in a workshop held Nov. 6 at which council members asked city staff to provide additional information.
City Manager Mike Castro reported that MMDD, which is tasked with attracting business and industry to town, currently has a fund balance of $2.37 million and annually receives $991,000 from a half-cent city sales tax to fund operations.
By Joe Reavis • [email protected]