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243 <br /> <br /> 10.) Electro Mechanical Technology Program <br /> ° Paris Junior College ~ 2 year funding , <br /> ° Year 1 ~ $105,000 <br /> ° Year2 ~$45,000 · <br /> <br /> 11.) Bitco - Bits International Company Construction <br /> of Manufacturing Facility on NW Loop 286 <br /> <br /> 12.) Established a Revolving Loan Fund for local business and <br /> industry loans through the Northeast Texas Economic <br /> Development District <br /> <br /> 13.) Improvement to Cox Field in conjunction with <br /> TxDot Airport Improvement Grant Program <br /> <br /> 14.) Support of a study by Texas A&M University and the <br /> Texas Economic Development Council on the effectiveness <br /> of the Economic Development Sales Tax <br /> <br /> 15.) Acquisition of the Texas Northeastern Railroad right-of-way <br /> to preserve for Rail Banking <br /> <br /> P.E.D.C. BUDGET <br /> 1996-1997 <br /> <br /> Balance Forward 10/1/96 $ 495,220.00 <br /> <br /> Budget Revenue: $ 770,000.00 <br /> Sales Tax $ 15,000.00 <br /> Interest <br /> Total Revenue $ 785,000.00 <br /> <br /> Total Resources $ 1,280,220.00 <br /> <br /> Budget Expenditures: <br /> New Industry Projects $ 436,685.00 <br /> Existing Industry Projects $ 436,685.00 <br /> Cox Field Project $ 213,500.00 <br /> Compensation-Chamber CEO $ 27,600.00 <br /> Compensation-Chamber Asst. $ 36,750.00 <br /> Promotional-Advertising $ 77,000.00 <br /> Travel Expenses $ 5,000.00 <br /> Office Expenses $ 12,000.00 <br />, ServiceS Provided By City $ 25,000.00 <br /> Contingency $ 10,000.00 <br /> <br /> Total Expenditures $ 1,280,220.00 <br /> <br /> <br />