Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cowlitz County reports REIT-driven spikes in capital improvements fund; ARPA and courthouse work projected to affect 2025 spending
Summary
Finance staff told commissioners a recent ownership change in a large property produced a one-time Real Estate Excise Tax (REIT) bump, and that ARPA and other transfers will fund courthouse and capital projects.
Cowlitz County finance staff told the Board of County Commissioners on Monday that the capital improvements fund has experienced intermittent one‑time increases in real estate excise tax revenues tied to ownership transfers, and that planned transfers and ARPA funding will be used for courthouse and other capital projects this year.
Finance Director Kathy Funk Baxter and Public Works staff said the fund is budgeted for $1,025,000 in REIT (real estate excise tax) receipts; through the month reported they had received $620,002.71. Baxter said a $226,000 increase in April was attributable to a WestRock ownership transfer and characterized that as a one‑time “bump.”…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
