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Treasury reports surge in short‑term rental accounts; hotel‑motel tax revenue growth underwrites FY26 allocations
Summary
Treasury staff said short‑term rental accounts have increased to about 300 and projected hotel‑motel room tax revenue is growing; the committee discussed how revenue is allocated to tourism promotion and multi‑year reserves.
Treasury and CFO staff briefed the finance committee on April 7 about hotel‑motel room tax collections and the rise in short‑term rental accounts.
Numbers and trend: Treasury staff reported roughly 300 registered short‑term rental accounts as of the meeting and projected the number could exceed 325 in FY26. The department expects hotel‑motel room tax revenue to remain substantial; attachments…
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