Austin Convention Center Department Overview of Local Tax Contributions by Visitor Industry Presentation — original pdf

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Overview of Local Tax Contributions by Visitor IndustryPresented by Austin Convention Center Department to the Visitor Impact Task ForceMarch 14, 2017Local Tax Contribution by Visitor Industry2015 Estimates of All SourcesHotel Occupancy Tax Distribution –with FY2015 amountsLocal Tax Contribution by Visitor Industry2015 Hotel Occupancy TaxDescriptionFY2015 Amount(Actuals)FY2017 Amount*(Budgeted)Direct Visitor-Related Contributions to the General Fund$38,000,000$41,000,000Visitor-Related General Fund Costs**:Police Special Events –Nonreimbursed$1,772,994$3,683,205Parks: Central Parks Management$384,750$859,154ZilkerPark Maintenance$483,029$1,221,422Trail Maintenance$1,743,949$1,354,444Barton Springs Pool$944,774$1,050,210Museums and Cultural Programs$5,314,738$5,884,483AFD -Inspection, Review and Support$2,899,637$2,823,160EMS Special Events$2,191,125$1,464,933Subtotal $15,734,996 $18,341,011 Music and Entertainment Office (EDD)***$542,053$816,792Total$16,277,049$19,157,803Amount Remaining for Other General Fund Costs$21,722,951$21,842,197Local Tax Contribution by Visitor IndustryGeneral Fund Contributions and Certain General Fund Costs* Per review of past State reports, average annual increase since 2002 has been ~$1.5M per year ** Amounts represent 100% of the activity’s budget, even though the visitor element if only a portion*** Funded in part by General Fund transfer…or, another way to think about it –Ask, “What can $41 million in Visitor-Related General Fund Contributions get you?”From City’s FY2017 Budget, $41 Million would cover any oneof the following:Police11% of Total75% of Investigations34% of Patrol215% of Traffic Enforcement293% of Specialized Patrol and EventsFire22% of Total32% of Combat Operations73% of All Other RequirementsEMS49% of Total73% of Emergency Field Operations148% of All Other RequirementsParks and Recreation51% of Total103% of Community Services100% of All Other RequirementsOther87% of Library Total; 257% of Circulation109% of Development Services Total129% of Social Service Contracts Total106% of Health and Human Services TotalNote: Any reduction in the Visitor-Related contribution to the General Fund would result in decreased services or increased fees or property taxes paid by the citizens of AustinLocal Tax Contribution by Visitor IndustryGeneral Fund Contributions –Looking at it another wayQuestionsLocal Tax Contribution by Visitor Industry