Item 03 - HOT Update.pdf | Arts Commission

Arts Commission – Oct. 21, 2024

Item 03 - HOT Update.pdf — original pdf

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HOTEL OCCUPANCY TAX UPDATE OCTOBER 21, 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 – September 2024 o Total HOT Collections September 2024 = $201,306 o 107% of FY24 Approved Budget of $152,172,894 o Cultural Arts Fund September 2024 = $18,151 HOT Cultural Arts Fund - FY24 Approved Budget for FY24: $14,525,594 FY24 HOT Cultural Arts Fund in the bank: $15,568,936 HOT Collections (FY22-FY24) $15.65M $15.57M $12.87M Questions