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Was Occupancy Tax (Bed Tax) money used and isnt that Town money?

April 26, 2017bed money occupancy tax town Used

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Was Occupancy Tax (Bed Tax) money used and isnt that Town money?

1 Answer

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10 Posted

Yes, some Occupancy Tax money was used ($75,000). Occupancy Tax revenues can only be used for tourism related purposes and may not be used by the town to fund town services nor reduce Town Property Taxes. Occupancy Tax revenues are not properly considered Town general revenues.