BY COUNCILOR HOGG:00-0821R
RESOLUTION DISTRIBUTING THE ESTIMATED 2001 TOURISM TAXES OF HOTEL-MOTEL AND FOOD AND BEVERAGE.
RESOLVED, that the 2001 tourism
taxes of hotel-motel and food and beverage, as estimated, be distributed
in the following manner:
|Duluth public arts commission||20,000||10,000||30,000|
|Convention and Visitors Bureau||377,400||124,700||430,000||134,600||1,066,700|
|Heritage and Arts Center||89,900||49,600||8,000||147,500|
|Transfer to general fund||56,700||160,400||394,000||142,000||753,100|
|Transfer to debt service||344,600||348,000||692,600|
|DECC debt service||675,000||174,000||849,000|
STATEMENT OF PURPOSE: This resolution distributes the 2001 estimated tourism taxes to various agencies as determined by Minnesota state statutes or city policy. Revenue is projected to increase 4.2% over 2000 budget due to the steady growth in sales. The allocation to the DECC is increased per state law requiring the city to allocate 61.75% of the 3% hotel/motel tax. The DECC debt service allocation is based on city ordinance stating that .5% of the 1.5% food and beverage tax, and .5% of the 2.5% hotel/motel tax shall be used for debt service on the DECC expansion. DCVB's allocation increased by $41,700 to maintain the city policy of allocating 33.25% of budgeted revenue to that organization. The transfer to general fund increased by $77,900 based on general fund support of tourism related activities.