Post Tagged with: "Hospitality Fee revenue"

Changing Focus on the County Budget Process

December 10, 2018 9:21 AM
Changing Focus on the County Budget Process

Horry County began its budget process for Fiscal Year 2020 with its fall planning retreat November 28th.

This was the beginning of what could prove to be a very interesting budget year.

Incoming council chairman Johnny Gardner pledged on the campaign trail, “Public Safety Priority One Day One” as his approach to the county budget process.

County staff heard a portion of that message. The early budget outline includes an additional approximately eight million dollars for public safety. That addition is based on what staff believes can be used from excess hospitality fee revenues after Ride I bonds are paid off early in 2019.

However, despite a county council resolution to use approximately $18 million from those revenues toward public safety, infrastructure and areas like recreation, staff has held firm to the $8 million it proposed last July.

Additionally, council directed staff to prepare an ordinance amending current county code pertaining to the funds received from what is known as the 1.5% portion of hospitality fee revenue that currently goes to pay off the Ride I bonds. Currently all of that revenue is deposited in a special road fund per county code.

To date, staff has not presented an ordinance amendment to change that designation to include public safety, infrastructure, recreation and the like.

This avoidance of acting on a resolution designating the will of council can only be attributed to at least certain members of county senior staff continuing to desire that all of the Ride I 1.5% money go to I-73, which was initially proposed to council.

Therein lies the basic contradiction in the county budget process – council directs, but staff does what it wants to.

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Hospitality Fee Alternatives to I-73 Agreement

November 27, 2018 10:00 AM
Hospitality Fee Alternatives to I-73 Agreement

When Horry County Council debates signing a funding agreement with SCDOT for I-73 tomorrow, there are several alternatives that should be considered before a decision is made.

As Grand Strand Daily stated in a previous article, all of the hype for I-73 is located only in Horry County. It is a given that any money designated for the project will come from Horry County only for at least the next several years.

In early calendar year 2019, the county will begin to collect Hospitality Fee revenue in excess of that needed to pay off the bonds that funded Ride I. The proposal before council is to designate approximately $25 million of that money to I-73 with SCDOT generally in control of how that money is spent.

Rather than purchasing rights of way and doing engineering design for a brand new road that may never be built beyond the borders of Horry County, why not look at using that $25 million per year toward road projects that could benefit Horry County citizens immediately upon their completion and certainly meet the standard of being tourism related?

One project that quickly comes to mind for study is raising the road bed of SC 22 between Hwy 905 and Hwy 90 to eliminate the flooding of that road that occurred during Hurricane Florence. One could even say this improvement will benefit I-73 if that road ever becomes a reality.

Two other projects that would immediately benefit both local citizens and tourists would be raising the road bed of SC 9 around Aberdeen to prevent flooding closure of the road such as has been experienced at least four times since 1999 and improvements to U.S. 501 in the Lake Busbee area to help prevent the issues Hurricane Florence and previous storms caused on that road.

Considering the designation of the excess Hospitality Fee revenue to any or all of the above three projects would have immediate benefit to citizens rather than wasting the money on purchasing rights of way and beginning engineering design of a road that may never be built.

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