County officials detail new HB 237 revenue stream for open‑space fund and implications for bonding
COSAC members were briefed on HB 237, which redirects greenbelt rollback taxes to county open‑space funds; staff estimated about $900,000/year on average over the past five years and projected this could approach $20 million over two decades to supplement bond capacity.
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County staff told the Open Space Advisory Committee July 7 that a recently passed legislative amendment (referred to as HB 237 during the meeting) changes how greenbelt rollback taxes are allocated and will direct those revenues to the county’s open‑space fund.
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