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Mono County supervisors split on formal pledge of 3% TOT increase to housing; motion to table passes 3-2
Summary
Staff proposed a resolution dedicating the recently approved 3% transient occupancy tax increase to affordable and workforce housing for a 10-year term; supervisors debated leverage for long-term debt and whether funds should be restricted to unincorporated areas and ultimately voted 3-2 to table the resolution indefinitely.
Staff presented a draft resolution that would dedicate the newly enacted 3% transient occupancy tax (TOT) increase toward affordable and workforce housing for a 10-year period. The resolution also summarized previous TOT allocations and sought board direction on whether to commit the newly raised revenues to housing projects.
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