| Date Requested:February 23, 2005 Time Requested:10:35 AM |
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| FUND(S) Municipal Funds | |||
|---|---|---|---|
Sources of Revenue | |||
| Special Fund | |||
Legislation creates:
Neither Program nor Fund | |||
Effect this measure will have on costs and revenues of state government.
| A six percent increase in the hotel/motel tax would bring an increase for municipalities in the amount of $4,398,846. This amount was calculated by using current amounts budgeted for municipalities and increasing to 6 percent. The breakdown is as follows: Class I&II - $3,069,000 Class III - 1,013,450, and Class IV - 316,396. I have e-mailed a copy of the breakdown of these numbers to Neva Maynor. |
| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2005 Increase/Decrease (use"-") |
2006 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 0 | 0 | 0 |
| Personal Services | 0 | 0 | 0 |
| Current Expenses | 0 | 0 | 0 |
| Repairs and Alterations | 0 | 0 | 0 |
| Assets | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| 2. Estimated Total Revenues | 0 | 4,398,846 | 0 |
|
3. Explanation of above estimates (including long-range effect):
I have e-mailed a copy of the calculation of this amount to Neva Maynor. |