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Council clears short‑term rental tax allocation change, directing proceeds first to debt service
Summary
The Select Budget Committee recommended an ordinance that removes fixed dollar allocations from the short‑term rental tax code and instead directs proceeds first to annual debt service, then to equitable development grants and permanent supportive housing; 2026 projections show roughly $12–13 million in revenue.
The committee forwarded an ordinance to full council on Nov. 17 that updates the short‑term rental tax allocation. The change removes prescriptive dollar amounts in the existing 2019 ordinance and establishes the spending order: first to annual debt service, then to Office of Planning & Community Development (OPCD) for equitable development initiative (EDI) grants, and to the Human…
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