The town of Monterey’s amended budget includes a three-cent property tax increase, down from a 14-cent increase when a Wednesday work session began. Alderman Alex Garcia said the board went through the budget line-by-line and cut items when possible in order to whittle down the increase. He said the town has not had a property tax increase in well over ... Read More »
Tag Archives: hotel motel tax
Sparta Adopting 4% Hotel/Motel Tax For Tourism
Sparta Aldermen voted Thursday night to implement a four percent hotel/motel tax to generate revenue for tourism development. Sparta Mayor Jerry Lowery said while the city does not have a hotel, the city will be paid a fee when visitors rent Airbnbs and other local rental properties. He said Sparta and White County are behind on this revenue source, as ... Read More »
Cookeville Sees Some $632K In Revenue For First Full Year Of Hotel-Motel Tax
Cookeville saw revenues of about $632,000 for its first full year of hotel-motel tax. City Manager James Mills said that the number is solid for a year in the pandemic. He said that the hotel-motel tax serves as a good revenue generator for both the city and county. “Here, we pushed the revenue in the Quality of Life fund with ... Read More »
Livingston Could Improve Payment Process Of Hotel Motel Tax
An amendment to Livingston’s Hotel Motel Tax Ordinance could be on the way after a Tuesday town hall with local short-term rental owners. The meeting served as an open discussion over the 4 percent city tax due on the 20th of each month. Property Owner Cody Campbell said the city should explore filing with Airbnb to improve the payment process. ... Read More »
Pandemic Causes Shortfalls For Cumberland Co. Hotel Motel Tax
Cumberland County has seen a decrease in tourism with hotel motel tax revenue about $100,000 under the target. Mayor Allen Foster said so far, $289,000 have been collected. That is about 43 percent of the budgeted amount after about seven months into the fiscal year. “Absolutely, that is one of the things that we have lost the most income over ... Read More »
County Parks And Recreation Watching Revenue Closely
The Putnam County Parks and Recreation Department is suffering from funding losses from a hotel motel tax revenue decrease. As sports tournaments are cancelled, out of town competitors aren’t staying in Putnam County hotels. Parks and Rec Director John Albertson said this tax revenue is one of the main sources of funding for the department. “We’ve been asked to monitor ... Read More »