Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Council renews 28E revenue‑sharing agreement with CVB, keeps same hotel‑motel split
Summary
Burlington extended its 28E agreement with the Burlington Area Convention & Visitors Bureau for one year, maintaining an allocation formula that directs 30% of the first $700,000 of hotel‑motel revenues and 40% of revenues above $700,000 to the CVB; staff projected an anticipated CVB contribution of roughly $350,000–$370,000 for FY27.
The Burlington City Council on May 4 approved a one‑year renewal (amendment) of the 28E revenue‑sharing agreement with the Burlington Area Convention & Visitors Bureau (CVB), keeping the existing formula for allocating hotel‑motel tax dollars.
As explained in council discussion, the city will allocate 30 percent of the first $700,000 in hotel‑motel revenues to the CVB and 40 percent of revenues above $700,000. Staff projected FY27 hotel‑motel revenues of about $1.11 million and estimated the resulting CVB allocation would be in the $350,000–$370,000 range under the formula.
Council had no substantive objections during the hearing and approved the resolution by unanimous vote. The one‑year renewal continues the city’s arrangement to fund CVB marketing and tourism services from a portion of hotel‑motel taxes.
