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Tourism board funds, CVB reserves and use of hotel‑occupancy tax for public safety discussed
Summary
Council discussed tourism fund distributions, a $4 million CVB reserve, and an idea to use hotel‑occupancy tax revenue to reimburse city public‑safety costs tied to events; staff said legal and legislative change would be required before repurposing funds at scale.
Council and staff reviewed proposed tourism (hotel‑occupancy) fund distributions, an updated CVB balance sheet and a tourism fund reserve. Staff said the local CVB reported reserves of about $4 million and the city’s tourism fund balance (city‑controlled portion) was about $1.8 million. Staff also noted they reduced the previously…
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