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Midyear bed‑tax report: Prescott tourism fund about half spent; downtown beautification temporarily covered by public works
Summary
Tourism Manager Mike Kelly told TAC the FY2026 bed‑tax budget is $1,589,566 with roughly $758,199 remaining (about 52% spent) and a fund balance reported near $373,610 (could be as high as ~$520,000); downtown beautification was shifted from contingency but public works will cover six months while staff plans to restore funding in FY2027.
Mike Kelly, Prescott’s tourism manager, presented a midyear snapshot of the FY2026 transient bed‑tax budget to the Tourism Advisory Committee on Jan. 15.
Kelly reported a FY2026 bed‑tax budget of $1,589,566 with $758,199 remaining, noting the program is about 52% spent at midyear as expected. He said finance reported the current fund balance at roughly $373,610 and that figure could rise to about…
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