Page 237 - CityofMansfieldFY25Budget
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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 need 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 remained flat for FY 2024-2025, although event attendance and hotel
               stays in FY 2024-2025 are anticipated to continue rising. The reserve account is budgeted much higher than
               in  previous years.  This  is  because  in FY  2023-2024, facilities  maintenance  and  repair projects were
               budgeted at $250,000. This amount is not included in the budgeted expenditures for FY 2024-2025.

               In the Transfers/Other category, there is $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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