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County budgets SIP and gain‑share funds to capital projects and to backstop Hillsboro Hops stadium commitment
Summary
Budget materials show strategic‑investment (SIP) and gain‑share revenues allocated to capital projects, facility needs and a planned interfund loan to the Hillsboro Hops stadium; staff said several SIP and gain‑share sources are capped or forecast‑sensitive.
Washington County staff presented the proposed use of Strategic Investment Program (SIP) and gain‑share funds in the FY2025–26 budget. SIP receipts (payments from companies that receive property‑tax exemptions under SIP agreements) and gain‑share revenues (a share of state income tax tied to new/retained jobs) are discretionary county resources that the board has used for capital and one‑time investments.
Planned allocations and rationale: The draft budget programs SIP and gain‑share dollars for a variety of capital and one‑time needs, including:…
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