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Commissioners discuss REIT, hotel‑motel and car‑rental funds; staff seeks match for Plants Ferry sports grant
Summary
Staff reviewed REIT 1 and 2 fund summaries, hotel‑motel and car‑rental tax balances, and said they would seek a $1 million hotel‑motel match if commissioners approve using that fund to complete a state grant for the Plants Ferry sports fields.
County budget staff reviewed the county’s REIT (Real Estate Investment Trust-like) fund balances and other lodging-related special revenue funds on Oct. 6, and commissioners discussed using hotel‑motel tax funds as a match for a state grant to finish artificial turf fields at Plants Ferry Sports Stadium.
Why it matters: REIT, hotel‑motel and car‑rental funds are restricted or targeted revenue sources that the county and external partners use for capital projects, tourism promotion and amateur sports facilities. How the county allocates these balances affects other funding priorities and outside-agency support.
What staff presented: Budget staff said REIT 1 and…
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