Item 08 - HOT Update_August.pdf — original pdf

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HOTEL OCCUPANCY TAX UPDATE AUGUST 19, 2024 C I TY O F A U S T I N E C O N OM I C D E VE L O P M E N T 1 Hotel Occupancy Tax – July 2024 o Total HOT Collections July 2024 = $37,955,335 o 96% towards FY24 Approved Budget of $152,172,894 o Cultural Arts Fund July 2024 = $2,507,777 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $13,895,522 HOT Collections (FY22-FY24) $15.65M $12.87M Questions