Frisco modifies allocation of town lodging tax funds
October 10, 2012
FRISCO – Frisco Town Council voted unanimously to change the allocation of lodging tax funds at its Tuesday meeting.
The portion previously allocated to recreation was cut from 50 percent of the overall fund to 20 percent, while other categories like promotion of special events and marketing increased from 15 percent to 20 percent.
The total lodging tax revenue for 2011 was just over $261,000 and the projections for 2012 and 2013 are $275,000, Bonnie Moinet, finance director for the town.
The new allocations will serve the needs of the departments, Moinet said.
The large cut for recreation was made because the town employs a department that is meeting the town’s needs for recreation.
“We have a recreation director and staff that meets regularly and is doing a great job in satisfying the town’s needs for recreation,” Moinet said.
A large allocation increase was given to the Frisco Visitor’s Center, which will now claim 45 percent of the lodging tax revenue, up from 25 percent previously.
“The scope of services at our visitor’s center has expanded and there’s a greater need to fund those efforts,” Moinet said.
Special events and marketing also saw an increase. The department went from 15 percent to 20 percent.
Operations and maintenance also saw a minor increase, from 10 percent to 15 percent.
Council’s decision at Tuesday’s meeting was made quickly, wrapping up in 10 minutes before it entered an executive session.
“The finance department had a work session with council prior to the first reading of the change in allocation,” Moinet said. “We gave them a lot of information about how the allocations have been in the past compared to how the town has changed. I think the council made a very educated decision.”
Projects funded through lodging tax in the past included the Frisco kayak park, contributions to the Swan Mountain recpath and West Main parking improvements.