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Ocean Shores LTAC sets 30% target holdback for lodging-tax funds pending final awards
Summary
The Ocean Shores Lodging Tax Advisory Committee (LTAC) agreed to use a 30% holdback as a working target when evaluating 2026 grant awards, citing revenue uncertainty and a priority to protect the convention center; the committee will re-evaluate in spring if revenues meet projections.
Ocean Shores’ Lodging Tax Advisory Committee on Oct. 9 agreed to use a 30% holdback as a working target while it evaluates grant applications for 2026, citing uneven hotel performance and uncertainty in next year’s tax receipts.
The committee’s finance briefing showed a beginning fund balance of $559,343 and an estimated $1,300,000 in hotel/motel and short-term rental tax revenue for 2026, yielding total available funds of about $1,900,000. "At the end of this year we're anticipating having $559,343," said Sarah, finance director, adding the projection of roughly $1.3 million in lodging-tax receipts for 2026.
The 30% target was chosen…
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