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Tourist-development fund balance about $30.4M; council reviews reserve policy and seeks clearer application checklist
Summary
Escambia County budget staff reported a TDT cash balance of about $30.4 million and a slight year-over-year decline in collections through January. The Tourist Development Council reviewed a reserve allocation policy and directed staff to work with the clerk to produce a clearer application and reimbursement checklist for grantees.
Escambia County budget staff told the Tourist Development Council on Feb. 18 that the tourist-development tax fund has a cash balance of about $30.4 million as of February 2025 and that fiscal‑year 2025 collections through January were down roughly $203,825 compared with the previous year.
Jeremy Paglieligan, senior budget analyst, presented the monthly status and said expenses through Jan. 25 totaled roughly $4,343,500. He also confirmed that interest earned on the TDT fund is recognized and remains in the TDT fund rather than reverting to the general fund.
The council reviewed a TDT restricted-marketing…
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