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Economic development budget held level as staff flags hotel/motel allocations and state property tax risks
Summary
The economic development cost center was presented as level-funded for FY27, with a separate hotel/motel 1% allocation of about $1.547 million noted; committee members and staff discussed statewide debates over property-tax caps and potential implications for local revenues and bond ratings.
Staff presented a level-funded economic development allocation to the Budget & Finance Committee and flagged several contextual items for committee consideration.
Paul and other staff said the department’s strategic economic development allocation (including a $33,750 component to Williamson, Inc.) is presented at…
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