Commissioners leave CVET and FIT revenue allocations unchanged pending budget review

County staff briefed the board on recent CVET (commercial vehicle excise tax) and FIT (financial institution tax) settlements and how those receipts are allocated among multiple county funds. Speaker 4 explained the collections arrive twice yearly at settlement and that the county included the amounts as estimated revenue in the 2026 budget.

Speaker 1 and Speaker 4 emphasized that moving the revenues from their current earmarks into the general fund could create shortfalls for departments—Speaker 1 specifically noted the health department uses a portion of the CVET/FIT receipts and that changing allocations now could force the council to identify replacement funding. For 2025, Speaker 4 cited spring FIT receipts of $33,008.70 and spring/fall CVET receipts near $13,547 and $13,546 respectively, with an overall rough total of about $46,000 for the combined settlements in the recent cycle.

Given those dependencies and the presence of the revenue in the 2026 estimated revenue, the board agreed to leave the current allocations unchanged for now and to revisit allocations later if the council or budgeting process requires it.