HomeMy WebLinkAbout1993-12 HotelMotel Tax SpendingA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASHLAND, REITERATING
ITS POLICY OF RELATING THE EXPENDITURES OF FUNDS FOR ECONOMIC
DEVELOPMENT TO THE HOTEL/MOTEL (TRANSIENT OCCUPANCY) TAX.
RECITALS:
The maintenance and development of tourism is directly
interrelated to the health of the entertainment, food,
lodging industries in Ashland.
and
In 1979, a formula was implemented which allocated a percentage
of the Hotel/Motel Tax revenues to promote and enhance tourism
and other economic development strategies.
The Citizens Budget Committee and City Council have determined
that funding for economic development activities should
henceforth be tied to the annual growth or reduction of current
general fund revenues.
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
SECTION 1. That the Council hereby restates its recognition that the
source of funding for economic development activities continues to be
the Hotel/Motel Tax.
SECTION 2. That the Council is committed to maintaining its historic
support for economic development activities as a whole, but cannot
limit the Citizens Budget Committee or future City Councils to
specific appropriations for programs which have been funded in the
past.
The foregoing Resolution was READ by title only and DULY ADOPTED at a
, 1993.
City Recorder
SIGNED and APPROVED this
City Attorney
day of ~ , 1993.
Catherine M. G
Mayor