Item 06 - HOT Update_Odegaard_May.pdf

Arts Commission – May 20, 2024

Item 06 - HOT Update_Odegaard_May.pdf — original pdf

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HOTEL OCCUPANCY TAX UPDATE MAY 20, 2024 C I T Y O F A U S T I N EC ON OMI C D EVEL OP M EN T 1 Hotel Occupancy Tax – April 2024 o Total HOT Collections April 2024 = $28,704,455 o 69% towards FY24 Approved Budget of $152,172,894 o Cultural Arts Fund April 2024 = $2,741,275 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $10,083,692 HOT Collections (FY22-FY24) $15.65M $12.87M Questions