7/31/2014

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Public Facilities District seeks loan to maintain Asotin Aquatic Center

Public Facilities District seeks loan to maintain Asotin Aquatic Center
CLARKSTON, WA - An unanticipated lag in sales tax dollars is putting the Asotin County Public Facilities District behind on payments and now they're asking the county for a loan.

The PFD board is asking the county for $25,000 in 2014. The board needs money to start making payments on debt incurred during the election process. The Public Facilities District, recently created after voter approval, is the group in charge of collecting taxes to maintain the Asotin County Family Aquatic Center.

"Since he will not see any of that money until June, he needs a loan," said Asotin County CFO, Chris Kemp. "Now whether that happens from the Asotin County Family Aquatic Center fund or another county fund they will need an inter-fund loan."

The board anticipated money from the sales taxes collection to start rolling in at the beginning of the year. However now it looks like the tax collection won't be available to the PFD until June.
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