When and how is the new lodging tax money going to be spent?
If voters in the LMD approve the formation of the District and the 2% marketing and promotion tax, it is estimated that approximately $1 million dollars will be collected in its first year. If approved at the November 2008 election, the new tax will begin being collected in January of 2009. The Town Board will continue to fund the 2009 advertising campaign from the Town’s General Fund while the new LMD Board is appointed and begins working on its Operating Plan. Under the state statute, the LMD Board will have until September 30, 2009 to submit its Operating Plan for 2010 to the Town Board and County Commissioners. The Boards will have thirty (30) days to approve the Operating Plan, or return it for revisions. Based on the time of year that our advertising needs to be placed, the current advertising committee will continue to plan and direct the advertising program through 2009. The new LMD Board of Directors will be appointed in early 2009 and begin its planning for the September dead
