Page 244 - CityofMansfieldFY24Budget
P. 244

HOTEL/MOTEL TAX FUND

               Budget Summary

               The Hotel/Motel Tax Fund is used to account for Hotel/Motel Tax revenues. Section 351.101 of the Texas
               Tax Code, Use of Tax Revenue, states that revenue from the municipal hotel occupancy tax may be used
               to promote tourism and the convention/hotel industry.

               The Hotel/Motel Tax is used to  fund  the Convention and Visitors Bureau  (CVB) as well as  various
               organizations who apply for funding assistance for local events. The mission of the Hotel/Motel Tax Fund
               is to promote programs related to tourism, advertising, promotions, and programs advancing the arts and
               historical preservation within the City of Mansfield. The Hotel/Motel Tax Fund budget increased 5.13%
               over FY 2022-2023. Event attendance and hotel stays in FY 2023-2024 are anticipated to continue rising.

               For the FY 2023-2024 budget year, only one outside organization applied for Hotel/Motel tax funds to
               supplement the cost of their event. The Whataburger Championship Basketball Tournament was awarded
               $10,000. No other applications were received.

               In  the  Transfers/Other  category, there is  $250,000 budgeted for  repairs  to  the  Downtown  museum’s
               foundation. These funds were allocated in FY 2022-2023, but the work has not yet begun. There is also
               $9,000 budgeted to fund a third-party audit of hotels to determine the number of room stays for City
               events.































               Contact: Theresa Cohagen, 817-728-3384


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