Petersburg Pilot -

TRT fund changes advance; public hearing June 1

 


The Assembly unanimously passed, on second reading, an ordinance that would create a special revenue fund to house Transient Room Tax (TRT) revenues. Those funds currently go into the General Fund, and Finance Director Jody Tow said moving them to a special fund will increase transparency during future budget decisions.

Passing the ordinance will also result in the dissolution of the TRT committee and grant process they once oversaw. Assembly Member and Chamber of Commerce Director Cindi Lagoudakis said the Chamber board explained, “the Transient Room Tax Committee, in the past, had some...



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