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Cowlitz County flags $2 million five-year shortfall as Hall of Justice HVAC, juvenile roofs move forward
Summary
Cowlitz County staff told commissioners on Wednesday that the county’s five-year facilities capital plan assumes steady REET receipts and a $1 million annual general-fund transfer but would produce roughly a $2 million shortfall by the end of the plan if all projects proceed as currently scoped.
Cowlitz County staff told commissioners on Wednesday that the county’s five-year facilities capital plan assumes steady real estate excise tax (REET) receipts and a $1 million annual general-fund transfer but would produce roughly a $2 million shortfall by the end of the five-year forecast if all listed projects are completed as currently scoped.
The county’s capital reserve is funded primarily by REET, an annual $1 million general-fund transfer and about $73,000 a year in cell-tower lease revenue at the Hall of Justice. Staff said recent state law changes (House Bill 1791) increased REET spending flexibility — raising the maintenance cap from 25% to 35% and removing a prior $1 million-per-year maintenance cap — allowing the county to use more REET dollars…
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