Item 06 - Staff briefing regarding an update on the Hotel Occupancy Tax by Laura Odegaard, Acting Cultural Arts Division Manager

Arts Commission – Sept. 16, 2024

Item 06 - Staff briefing regarding an update on the Hotel Occupancy Tax by Laura Odegaard, Acting Cultural Arts Division Manager — original pdf

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HOTEL OCCUPANCY TAX UPDATE SEPTEMBER 16, 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 – August 2024 o Total HOT Collections August 2024 = $17,332,651 o 107% towards FY24 Approved Budget of $152,172,894 o Cultural Arts Fund August 2024 = $1,655,262 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $15,550,785 HOT Collections (FY22-FY24) $15.65M $15.55M $12.87M Questions