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Budget director: SR58 debt transfer complete; final payoff expected in July; 3% bed tax effective April 1
Summary
Budget Director K.C. Saunders reported funds were transferred for the SR58 building debt with a final payoff expected in July and noted an additional 3% bed tax went into effect April 1, 2026.
Budget Director K.C. Saunders reported that funds have been transferred for the debt on the SR58 building and that the bureau expects a final payoff in July. Saunders also told the board that an additional 3% bed tax went into effect April 1, 2026.
The report was entered into the minutes during the finances section; the record did not list the remaining principal balance or the exact payoff date beyond the July timeframe. The minutes do not specify how the additional 3% bed tax revenue will be allocated.
