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House Bill 4148 will shift lodging-tax shares; tourism fund budget down this year
Summary
Staff said the tourism development fund estimate fell to $1,000,293 due to an overstated beginning balance; HB 4148 (effective 06/05/2026) changes lodging-tax splits and will alter future allocations between the general fund and the tourism fund.
Paula explained the tourism development fund is estimated at about $1,000,293 this year, a decline driven largely by an overestimate of last year’s beginning fund balance. She told the committee that House Bill 4148, which was signed and becomes effective on 06/05/2026, changes how transient lodging tax revenue is split and will shift a larger share to the general fund when applied to new taxes collected after July 1, 2003.
Paula said the city currently collects a 6% lodging tax and described how the historic split will change under the new law; she told the committee that the FY26–27 budget does not yet fully reflect the bill’s effects but that the change will slightly increase the general fund and decrease the tourism fund, with the city’s savings account for City Hall identified as a flexible target for the reduced tourism revenue.
