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Council questions how resort tax estimates and carryover affect 2023 budget
Summary
Members discussed that resort tax receipts were lower than in previous years, considered whether to budget full resort-tax receipts ($2,000,000 shown in draft) or treat them as contingent, and reviewed carryover limits on specific funds such as building code enforcement and CDBG-derived workforce housing dollars.
Councilors reviewed resort tax forecasting and cautioned against assuming full receipts in the operating budget. Chair (S1) said the draft assumes roughly $2,000,000 in resort-tax receipts but asked whether staff had built in contingencies if collections fall short; members discussed showing the full amount in the budget while flagging any unspent items.
Separately, S1 and others clarified that CDBG and previous homebuyer-program dollars are restricted to workforce housing uses and cannot be reallocated without following grant rules. The council also heard that building-code enforcement carryover rules changed to allow up to three years of carryover and that a recent audit found the department compliant.
