Updated 2/5/2021 9:06 PM
The COVID-19 pandemic drastically decreased the annual hotel and motel tax revenue that helps fund organizations such as the St. Charles Business Alliance, but city officials agreed this week to fill the gap for the 2021-22 fiscal year by tapping into the city s general fund.
The city s aldermen voted unanimously Monday to allocate $698,600 to the alliance. The general fund will contribute $436,600, while $262,000 will come from Special Service Area funds, which is additional property taxes levied on commercial properties in the core of downtown and used to fund economic projects.
The city also approved $90,000 for the Visitors Cultural Commission.