Title
Public Hearing - Second Public Hearing on the Use of Hotel/Motel Tax
Requested Action
Provide an opportunity for the citizens of Mansfield to offer their ideas regarding the use of Hotel/Motel Tax for FY 2015/2016.
Recommendation
Receive citizens input regarding the use of Hotel/Motel Tax for FY 2015/2016.
Description/History
Annually, the City of Mansfield, Texas adopts a service/work plan for the departments of the City. Accordingly, during the process the City of Mansfield, Texas also adopts a budget for the use of administration of the Hotel/Motel Tax Funds as defined by the City Council of Mansfield.
The Texas Legislature has defined the use of the funds by legislating guidelines found in Chapter 351 of the Texas Tax Code. Historically, the City Council has allocated certain percentages of the expected revenue collection from the Hotel/Motel tax in the upcoming year. The allocations of the proceeds to the organizations are defined by the City Council. Use or purpose of the funds is to be determined by the City Council within the parameters of the law.
-Council may choose not to allocate any funds;
-Council may choose to allocate a portion of the funds;
-Council may choose to allocate all the funds.
Guidance on use or allocation of funds can be found in Chapter 351 of the Texas Tax Code.
The City anticipates collecting $641,425.00.
Justification
As permitted by State Law and Charter
Funding Source
Hotel/Motels in City
Prepared By
Peter K. Phillis, CPA, Director of Business Services
817-276-4261