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Committee discusses tourism funding, CVB allocation and potential hotel-motel tax increase
Summary
Staff reviewed economic development and tourism spending allocations, noting a forecasted $1.547 million contribution to the Convention and Visitors Bureau from the hotel-motel tax and prompting committee members to discuss whether to pursue a permissive increase in the tax to capture additional tourism revenue.
City staff summarized community and economic development spending and outside agency funding tied to tourism and the Convention and Visitors Bureau (Visit Franklin), telling the committee the city’s forecasted FY26 contribution to the CVB is roughly $1,547,000 (a portion drawn from hotel-motel tax receipts).
Staff noted the city’s hotel-motel tax revenue has set records in FY24 and was on pace to set new records in FY25.…
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