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Fortuna council approves $12,500 supplemental budget for EFID fiscal analysis
Summary
The council approved a $12,500 supplemental appropriation from general‑fund reserves to pay a consultant to conduct a fiscal impact analysis for a proposed enhanced infrastructure financing district to fund interchange and active‑transportation improvements.
THE CITY COUNCIL voted Aug. 18 to approve a supplemental budget appropriation of $12,500 and to authorize the city manager to execute a contract with a consultant to perform a fiscal impact analysis for a proposed Fortuna Enhanced Infrastructure Financing District (EFID).
Aaron Filmy, Fortuna’s finance director, told the council the analysis will estimate tax increments (property tax, sales tax, transient occupancy tax) and expenditures to determine whether an EFID is financially viable for the city…
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