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Room tax revenues exceed early models; committee approves room tax budget and discusses Exhibition Center bonds
Summary
The committee approved the room tax special revenue fund budget and discussed how 3% of room-tax collections pay Exhibition Center bonds. Staff said room-tax receipts have outpaced original forecasts and that a management-agreement renegotiation for the Exhibition Center is underway.
The committee approved the room tax special revenue fund budget and discussed the use of room tax dollars to repay bonds for the Fox Cities Exhibition Center.
Finance staff explained how room tax collections are distributed: a portion covers bond payments for the Fox Cities Exhibition Center and Sports Center (each receiving about 3% under the existing…
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