The Deschutes County Commission is meeting this morning at 10am to hear arguments for and against a revised ballot measure that would boost countywide hotel room taxes two percent, from seven percent to nine percent, the same rate structure already in place in Bend and Redmond. The measure is expected to make the November 4 ballot.
The two percent increase is expected to put an additional $900,000 annually in the county coffers. The ballot statement says the funds “will be used to fund county services, tourism promotion and tourist-related services.
Commissioners will also hear from St. Charles Medical Center Chief Financial Officer Michael McGinnis about the organization’s efforts to refund and refinance its 2005 Series A bonds, which are anticipated to be valued in the neighborhood of $84 million, McGinnis told CBN.
The bonds will be officially priced on September 16, and will be available for purchase by the public for the first time, just like the Series B bonds earlier this year, McGinnis said.