TDVA budget increased
More money than ever before will be funneled through the Tahoe-Douglas Visitors Authority to boost regional tourism.
The TDVA will have a special board meeting and public hearing before passing the 1999-2000 budget on Thursday. The new fiscal year begins July 1.
The special budget meeting, required by Nevada state law, begins at 9 a.m. at the Lakeside Inn and Casino.
On the table for discussion is a $2.5 million budget, a substantial increase over the previous year’s budget of $613,800.
The increase is due to the first year of a state-mandated transfer of a portion of Douglas County’s transient occupancy taxes from county services to tourism promotions.
The Nevada Legislature approved AB616 in the closing days of the 1997 session, created a new 1 percent promotional TOT and establishing the TDVA to manage the fund.
The bill also stipulated that beginning July 1, 1999 up to 65 percent of existing TOT funds would be gradually transferred from the county to the TDVA at a minimum of 2 percent per year.
With its new budget and new funding, the TDVA expects to allot $608,000 to the bistate Lake Tahoe Visitors Authority; $400,000 for the American Century Celebrity Golf Championship (most of which is funneled through the LTVA); $65,000 for the Tahoe-Douglas Chamber of Commerce Visitors Center; $200,000 for the Labor Day Lake Tahoe celebration; $231,900 for the Tahoe Welcome Center at the Reno/Tahoe International Airport; and $54,000 for airport advertising.
For more information, contact the TDVA office at (775) 586-0047.
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