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Florence authorizes up to $10 million internal loan to jump-start transportation projects
Town of Florence Town Council · May 7, 2026
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Summary
Council approved a 10-year interfund loan of up to $10,000,000 at 3% to the new transportation sales tax fund to accelerate projects (including Hunt widening); staff said expected annual sales-tax revenues will begin July 1.
The Town of Florence approved a resolution authorizing an internal loan not to exceed $10 million from the general fund to the newly created transportation sales tax fund to accelerate road and transportation projects.
Carl (staff) reminded council that earlier action approved the sales-tax increase and that one…
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