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Aransas Pass staff proposes formal application process for hotel-occupancy (hot) funds; council signals intent to open applications
Summary
City staff outlined a proposed application process and limits for Aransas Pass—s hotel-occupancy (hot) tax funds, saying about $332,000 is currently available and recommending a 10% reserve; council members asked to return the item for formal approval Jan. 6 and discussed a proposed cap on awards per entity.
A city staff member said the City of Aransas Pass currently has about $332,000 in hotel-occupancy ("hot") tax funds available and recommended keeping roughly 10 percent in reserve before awarding the remainder through an application process.
The staff presentation, given during a Dec. 17 workshop of the Aransas Pass City Council, proposed adopting a resolution, an application form and a post-event reporting requirement. "Currently, we have about $332,000 in hot funds," the staff member said. The staff recommendation was to reserve roughly 10 percent, leaving about $300,000 available for awards. Staff suggested returning a resolution to the council for formal approval at the council—s Jan. 6 meeting and opening an application period that would run 30 to 45 days or through the end of March to give organizations time to apply.
Why it matters: hot-tax revenues may be…
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