Hotel tax task force hears about Convention Center as a ‘loss leader’ and economic engine [Orlando Sentinel]
The newly formed group tasked with recommending how to spend millions of tourist tax dollars held its inaugural meeting Wednesday, raising questions about future uses and a subsidy needed to run the
The appointed panel spent most of its first meeting learning about public-meeting laws, statutory restrictions for using the money generated by the 6% tax tacked onto the cost of a hotel room and the history of the lucrative levy.
The biggest share, about
Facella noted that
“How many years does the convention center run in the red?” he asked.
“In its history? Most years,” said
The economic impact of visitors is about
Often viewed as a gauge for the tourism industry’s health here, tourist tax revenues soared to record levels over the past 12 months, shattering collection records, after a crash in spring 2020 when theme parks closed amid the coronavirus pandemic.
The levy, created in 1978 by a voter referendum, is also known as the hotel tax, tourist development tax or TDT for short. Revenue spending is restricted by state law.
Officially known as the Tourist Development Tax Citizen Advisory Task force, the panel has an information web page, www.ocfl.net/TDT, but no members who are elected officials, lobbyists or representatives of organizations that get TDT funding or who are seeking a share of it.
“That does not mean that we should not hear from them. We will hear from those particular entities,”
The mayor picked the group’s co-chairs, former Orlando Sentinel managing editor
The panel’s future meetings are scheduled for
Demings told the task force they will help “establish priorities” for future tourist tax spending.
But he cautioned them to work within the state law, which limits how the money can be spent.
Other members include: former
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Hotel tax task force hears about Convention Center as a ‘loss leader’ and economic engine [Orlando Sentinel]
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