Page 222 - City of Fort Worth Budget Book
P. 222
Special Revenue Fund Venue 2% Hotel Occupancy Tax
FY2025 DISCUSSION AND SIGNIFICANT CHANGES
As stated above, the new fund was created in FY2024 with an effective date of August 1, 2024. A full year of
collections will take place in FY2025 and is projected to be $ 10.2 million. The funds will be placed in fund
balance to meet the future anticipated Phase II Convention Center Expansion debt that is estimated to be $30.0
million annually.
The Recommended Budget:
• This new Fund was approved in May, 2024 and effected on August 1st, 2024.
• Increases by $10,193,087 in the revenue collections to contribution to Fund Balance by the same amount.
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