Victoria Sales Tax Development Corporation

Victoria Sales Tax Development Corporation (VSTDC) was created in 1996 (Resolution 1996-19R) after voters approved an additional one-half of one percent sales tax to be used to fund a development corporation as authorized by section 4B, Article 5190.6 V.A.T.C.S., of the Development Corporation Act of 1979 (the Act). VSTDC may use the Type 4B revenue to increase economic develeopment by funding land, buildings, equipment, facilities expenditures, targeted infrastructure and improvements for projects including:

manufacturing and industrial facilities, recycling facilities, distribution centers, and small warehouse facilities;
research and development facilities, regional or national corporate headquarters facilities, primary job training facilities operated by higher education institutions, job training classes, telephone call centers and career centers not located within a junior college taxing district;
certain infrastructure improvements that promote or develop new or expanded business enterprises;
aviation facilities;
commuter rail, light rail or commuter bus operations;
port0related facilities, raiports, rail switching facilities, marine ports, inland ports; and
maintenance and operating costs associated with projects.

Type 4B revenue may also be used to fund land, buildings, equipment, facilities, targeted infrastructure and improvements for quality of life projects such as:

professional and amateur sports and athletic facilities, tourism and entertainment facilities, convention faculties and public parks:
related store, restaurant, concession, parking and transportation facilities;
related street, water and sewer facilities; and
affordable housing

Type 4B revenue may be used to promote and develop new and expanded business enterprises that create or retain primary jobs, by funding:

public safety faciltiies;
recycling facilities;
streets, roads, drainage and related improvemnts;
demoliton of existing structures;
general municipally owned improvemnts; and
maintenance and operating costs associated with projects.

VSTDC Plan of Work

VSTDC FY24 Budget