SB 1756 – Restricts local hotel project subsidies

SB 1756 reins in local government spending by limiting municipalities to a single tax-incentivized hotel or convention center project. This closes loopholes that allowed larger cities to repeatedly finance these projects using taxpayer-backed revenue pledges. By restricting local governments to one project, the bill ensures greater legislative oversight and discourages unchecked local debt accumulation. This reform prevents ongoing taxpayer risk from multiple tax-incentivized developments, many of which benefit politically connected developers. Grandfathering existing projects protects current obligations but ensures new limits going forward. This bill is a measured step to ensure prudent fiscal stewardship of taxpayer dollars.