In a recent government meeting, the Beaufort City Council discussed a proposed budget amendment for the fiscal year 2024, specifically concerning the TIF 2 Fund and the Capital Projects Fund. The council considered an additional $150,000 allocation for the SC 170 Extension project, which has faced scrutiny over its rising costs.
Several council members expressed opposition to the project, citing concerns about its high price tag and questioning its priority compared to other potential uses for the TIF funds. One councilor noted that the project, primarily a sidewalk extension with minor stormwater and landscaping work, had seen an increase of approximately $50,000 annually over the past few years, leading to calls for a reassessment of its necessity.
During the discussion, council members raised the possibility of exploring alternative funding sources and other projects within the TIF district that could better utilize the available funds before they expire. The urgency of spending the TIF funds was emphasized, as failure to do so could result in losing the allocated resources.
Public comments echoed the council's concerns, with residents urging fiscal restraint and suggesting that the project could be postponed or rebid to find a more cost-effective solution. One resident highlighted the existing sidewalk's functionality and questioned the projected increase in pedestrian traffic that the new project would generate.
Ultimately, the council decided to table the budget amendment for further discussion, reflecting the ongoing debate over fiscal priorities and the effective use of taxpayer funds.
In addition to the budget discussions, the council also approved an ordinance granting an easement to Dominion Energy for utility infrastructure at Southside Park, and they moved forward with the second reading of the fiscal year 2025 budget, which remains unchanged from its initial proposal.