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Council adopts resolution to move small economic development fees into general fund and sunset Fund 14
2978508 · April 13, 2025
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Summary
Council adopted Resolution No. 202053968 to transfer business license economic development revenue into the general fund and begin the process of sunsetting Fund 14 once remaining CET and affordable housing monies are distributed.
The Newberg City Council on April 7 adopted a resolution to move a small amount of business license‑derived economic development revenue into the city’s general fund and to begin the process of sunsetting Fund 14, the fund originally created to hold the city’s CET (construction excise tax) receipts.
Katie (staff member) told council that Fund…
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