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Treasurer certifies DCU special tax district can support borrowing; $8.5M of authorized borrowing remains
3753893 · May 1, 2025
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Summary
Committee received notice from the treasurer that revenue streams tied to hotel and meals taxes for the DCU special tax district are sufficient to support further borrowing; staff said the city has borrowed about $51.5 million of a $60 million authorization and has roughly $8.5 million remaining.
The committee received a transmission related to new borrowing for the DCU (convention center) special tax district. Staff explained the legal framework by which certain state acts authorized Worcester to borrow and repay debt with specified hotel and meals tax revenue from…
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