KFOX14 - kfoxtv.com - Search Results The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available. Horizon City saves thousands for future economic developmentBy: Stacey WelshHORIZON CITY, Texas -- Money from taxes could mean more jobs in Horizon City. A quarter of a cent from the sales tax on each purchase made in Horizon City is set aside for economic development."It puts us a leg up in the economic development field. It's tremendously competitive among communities such as ours," Horizon City Mayor Walter Miller said.Horizon City is the only Borderland community to set aside this funding after voters approved the change a couple of years ago.Miller said that money from sales tax is adding up to about $100,000 a year for economic development.He said the city already has plans to start improving the infrastructure in the industrial park on Darrington Road. The money to go toward economic development could help the city give new companies incentives, like tax breaks, to move in."If they did choose to come to Horizon, we're already ready for them. Other communities may not be able to react as quickly as we could," Miller said."Especially with the new Walmart, there's a lot of job opportunities. There's a lot of homes you can come and buy here," El Paso County resident Grisel Moreno said.Miller said the economic development funding could also save homeowners money, if new companies came in."We can better balance our tax burden from our residents to the commercial sector and the manufacturing sector," Miller said.Erik Magallanes said he's lived in Horizon City for 13 years and commutes to work in El Paso. He said he's looking forward to new jobopportunities."If there's more options, it'd be easier to drive about five minutes to work instead of 30-40 minutes," Magallanes said.A board made up of local officials oversees how Horizon City would spend the economic development funding.Miller said the city could look into bringing in a medical manufacturing company, but would consider any company wanting to come to Horizon City.