Present and Discuss Recommendations for the Hotel Fund's Financial Sustainability.
BACKGROUND:
During the October 27, 2020 Council meeting, Staff began a discussion with Council about the financial sustainability of the Hotel Fund. The discussion included an overview of the Hotel Fund and Texas Hotel Occupancy Tax regulations. A five year projection of the the fund's financial sustainability was presented. Staff also discussed the events and activities of the Hotel Fund in a program-based format. Council provided direction on the development of recommendations.
During this agenda item, Staff will present an update to Council.