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Hilton Head council adopts FY2026 budget amendments, authorizes bond proceeds and ramps up short‑term rental enforcement
Summary
The Hilton Head Island Town Council on March 10 approved a package of budget amendments that record bond proceeds (including up to $35 million in planned GO bonds), fund land purchases and capital projects, and restructure short‑term rental fees to $150 per bedroom with new staffing and enforcement resources.
The Hilton Head Island Town Council voted unanimously on March 10 to adopt an ordinance amending the fiscal‑year 2026 budget to roll forward prior‑year capital appropriations, add new capital projects and land purchases, record special‑revenue beach bond proceeds and to fund an expanded short‑term rental (STR) enforcement program.
Town Manager Mr. Orlando and Finance Director Mr. Bird presented the package, telling the council that the town recently received top credit ratings from Moody's, Standard & Poor's and Fitch tied to the town’s financial standing and to anticipated debt issuance. "We plan to issue $35 million in GO bonds Series 2026 to fund... the new fire‑rescue headquarters, emergency ops center, as well as potential CIP projects and land acquisition costs," Mr. Bird said during the presentation.
Why it matters: the ordinance records proceeds from multiple bond issuances and moves specific capital and land‑acquisition items into the FY2026 work plan, enabling immediate procurement and closeout of projects already underway and…
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