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Council starts process to raise Folsom TBID from 4% to 8%, promising oversight and public input
Summary
TEDCorp and Choose Folsom asked the council to begin a process to increase the Tourism Business Improvement District from 4% to 8%, estimating roughly $1.1–$1.2 million annually for destination assets; council approved the resolution of intent and debated transparency, short‑term rentals and possible future bonding.
The City Council voted Nov. 12 to begin the formal process to increase the Folsom Tourism Business Improvement District (TBID) assessment from 4% to 8%, an action that starts a mail and notice process to hoteliers and opens a 45‑day public comment period.
Eileen Reynolds, chair of the Tourism and Economic Development Corporation (TEDCorp), and Sally Buchanan of Choose Folsom described the TBID as a business‑led, self‑assessed funding mechanism aimed at driving room nights and tourism spending. Buchanan said the additional 4% would be earmarked for capital projects and…
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