Item 06 - HOT Update_December 2024.pdf

Arts Commission – Dec. 16, 2024

Item 06 - HOT Update_December 2024.pdf — original pdf

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HOTEL OCCUPANCY TAX UPDATE DECEMBER 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 – November 2024 o Total HOT Collections November 2024 = $5,806,193 o 18% of FY25 Approved Budget of $169,901,585 o Cultural Arts Fund November 2024 = $559,306 HOT Cultural Arts Fund - FY25 Approved Budget for FY25: $16,217,879 FY25 HOT Cultural Arts Fund to date: $2,997,205 HOT Collections (FY22-FY24) $15.65M $15.57M $12.87M Questions