City governments endorse rental tax measures ahead of election

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Holiday Holiday Headlines News

Holiday Holiday Latest News,Holiday Holiday Headlines

Several Bay Area cities have transient occupancy taxes (TOTs) on the Nov. 8 ballot in an attempt to collect more taxes from hotels, motels, inns and share-rental sites such as Airbnb and Vrbo.

Proponents argue that their municipalities need to generate more revenue in the wake of economic impacts from COVID-19, but opponents question if now is the time to raise rates on an industry also hit hard by the pandemic -- hospitality.

Proponents of the TOT increases say that the money is needed for essential services such as police, fire and infrastructure, though COVID-19 American Rescue Plan funds were specifically designated for such things and injected millions into local coffers. In most cities, if passed, money from the measures increasing TOTs would go into each municipality's general fund.

In unincorporated areas of Santa Cruz County, supervisors put Measure B on the ballot. Though the money would go into the general fund, the board said it would apply the money toward affordable housing, mental health services and wildfire prevention. Brisbane is taking a different approach -- raising taxes on hospitality business owners instead of raising its 14 percent TOT. Measure O would impose a tax on hospitality business owners of $2.50 per day per stay, generating an estimated $250,000 per year. According to the city, the current tax structure on the businesses is paid from gross receipts and only generates less than $2,000 per year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

To pay for more government waste. But never mind. News would not dare reporting that. Right SpeakerPelosi FoxNews GovernmentRF GovPressOffice

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 443. in HOLİDAY

Holiday Holiday Latest News, Holiday Holiday Headlines