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Spokane Valley TPA: $739,000 revenue through July; July hotel occupancy 77% — state sales‑tax change coming Oct. 1
Summary
TPA staff reported $739,000 in revenue collected through July (about $2,000 below last year), CoStar hotel data showed 77% occupancy for city hotels in July, and staff flagged a state sales‑tax expansion (referred to in the meeting as "Senate Bill 5014") taking effect Oct. 1 that will modestly affect consultant fees and retail-tax collections.
TPA staff reported at the Sept. 25 meeting that the city has collected about $739,000 in TPA revenue through July, approximately $2,000 less than the same period last year.
“We are at about $739,000 in revenue collected so far in the first 7 months of this year. That reflects we are about $2,000 under where we were at this time last year,” staff said during the financial report.
Staff also reviewed marketing analytics and hotel…
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