The Type B (formerly 4B) Whitesboro Economic Development Corporation (WEDCO) passed by the voters of Whitesboro in 1998 for the purpose of sales tax for Economic Development.
Type B Sales Tax proceeds are less limited by the State of Texas on expenditures than the Type A, however the proceeds are to be used for the creation of new and or expanded business enterprises. The Type B Sales Tax proceeds may be spent on land, buildings, equipment, facilities and improvements for items that fit under the definition of “project” under Section 2(11)(A) of the Act.