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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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