county staff undertake a study of the impact of conversions on property values, county tax revenues, schools and public services. In August, MCA met with McKay’s aide, Barbara Bryon, as well as county staff, who reported that they had completed a report on repurposing and were looking at other forms of conversion. Last week, however, Tracy Strunk, Director of the FFC Department of Planning and Development, was quoted in the press a saying that county staff would release a ‘white paper’ next year on how building conversions have affected office and residential markets.
MCA will seek to continue the dialogue with county officials and staff. We will focus on the impact of declining property values and revenue streams and the increased need for public services on fiscal projections as part of the FY 2024/2025 county budget process.
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