LETTER TO THE EDITOR: Eliminate vacation rental regulations and save the city money
October 21, 2011
Is the forrest hidden by the trees? The answer to the problem seems obvious! Don’t raise the rental fee, but do eliminate the fees and the unnecessary city staff. What is there to understand?
One proposed new revenue stream comes from raising vacation rental permit fees. Vacation rental permit fees are currently $210 for a new permit and $144 for a renewal permit. The fee generates $175,000 in revenue, and the program’s operating cost is $245,000.
The application fee states that the vacation home rental permit fee shall be no greater than necessary to defer the cost to administer the vacation home rental permit ordinance. To that end, the city could increase the fee 40 percent to generate $70,000 to cover the total program cost of $245,000. A 40 percent increase would result in a fee of $294 for a new permit, and $202 for a renewal.