TITLE
A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, adopting a Bed Tax Policy related to the allocation and expenditure of the hotel/motel additional tax revenue in compliance with A.R.S. §9-500.06 and pursuant to the strategic priorities of the city. Discussion and Action.
AGENDA ITEM DESCRIPTION
The proposed Bed Tax Policy outlines the City of Maricopa’s process to allocate Hotel/Motel Additional tax revenues to comply with Arizona Revised Statute §9-500.06 and meet the following Council approved Strategic Priorities:
Strategic Action 4.4 - “To enhance Maricopa’s cultural vitality, we will champion initiatives that celebrate the arts by investing in public art projects and experiences.”
Strategic Action 5.1 - “To attract visitors from across the region and the nation, we will employ a sports and event tourism strategy that encompasses broad appeal. We will utilize bed tax funds to minimize the impact on local taxpayers while inviting visitors who can boost local businesses and enhance Maricopa’s regional profile. By attracting tourists who spend dollars in our community, we aim to create an influx of revenue that supports both local commerce and the growth of our city.”
The policy designates that all 5.5% of the Hotel/Motel Additional Tax Revenue (5.5%) will be designated for Art and Tourism initiatives.
The annual budget for the Hotel/Motel Additional Tax revenue is recommended to Council each year during the annual budget process based on collections and goals.
The budgeted expenditures out of the Hotel/Motel Additional Tax Revenue approved for the 25/26 fiscal year are as follows:
Event Tourism: $222,485 for Wild West Music Fest
Art: $22,004 Arts Grants Program
PRESENTER
This item will be presented by Assistant City Manager, Jennifer Brown.
STAFF RECOMMENDATION
Staff recommends approval of the Resolution adopting a Bed Tax Policy related to the allocation and expenditure of the hotel/motel additional tax rev...
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