Item 06_HOT Update_Odegaard_June.pdf — original pdf

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HOTEL OCCUPANCY TAX UPDATE JUNE 17, 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 – May 2024 o Total HOT Collections May 2024 = $12,304185 o 77% towards FY24 Approved Budget of $152,172,894 o Cultural Arts Fund May 2024 = $1,175,056 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $11,258,748 HOT Collections (FY22-FY24) $15.65M $12.87M Questions