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Council told reducing Stafford Center budget would require offsetting HOT transfer; cut yields no net general-fund savings
Summary
Finance staff explained that the hotel-occupancy-tax (HOT) transfer that supports Stafford Center is calculated by formula and tied to the center’s operating budget; reducing Stafford Center’s general-fund operating line would require a proportional reduction of the HOT transfer, producing no net general-fund savings.
City finance staff told council that Stafford Center’s budget and the annual transfer from hotel-occupancy-tax (HOT) funds are linked by a formula reviewed by the city attorney and audited by the state, so any reduction in Stafford Center operating expenditures would reduce the authorized HOT transfer by the same amount.
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