Embed Size (px)
Citation preview
Presented by: Carlos Contreras, Assistant City Manager &Lori Houston, Assistant City Manager
June 26, 2020
City Council Goal Setting Session for FY 2021 Budget
HotelOccupancy Tax Fund
2
Hotel Occupancy Tax Rate
6%
State
35%
Visit
San Antonio
HOT Rate: 16.75% COSA HOT Tax Allocation
7%
City of
San Antonio
2%
Convention
Center Debt
1.75%
Bexar
County
35%
Convention
Facilities 15%
Arts
15%
History
Preservation
3
Hotel Occupancy Tax – 9%
$60$63
$68$73
$77$79 $81
$86$92
$93
$56
$62
$78
$87 $90$93
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020-Est. 2021 2022 2023 2024 2025
ACTUAL PROJECTION
Annual Revenue ($ in Millions)
4
Convention CenterTime Frame # of Budgeted Events # of Events as of June 2020
March 2020 – September 2020 131 34
October 2020 – September 2021 233 224
COVID 19 Impact on Events
Note: Convention Center hosts on average 20-25 events per month
AlamodomeTime Frame # of Budgeted Event Days # of Event Days as of June 2020
March 2020 – September 2020 72 10
October 2020 – September 2021 121 119
Note: Alamodome averages 118 event days per year
5
$0
$5
$10
$15
$20
$25
$30
$35
2014 2015 2016 2017 2018 2019 2020Adopted
2020Estimate
2021 TrialBudget
14.4 14.3 16.118.5
21.2 19.9 20.4
10.814.2
9.5 11.19.9
12.511.7 12.6 12.7
5.9
9
$ in Millions
Convention Center Alamodome
23.926.0
31.032.9 33.1
16.7
23.2
Historical Convention Center and Alamodome Revenues
25.4
32.5
6
($ in Millions) FY 2020 BudgetFY 2021
ProjectionReduction
Community & Visitor Facilities
$54.4 $42.4 ($12.0) a
Visit San Antonio $24.9 $16.2 ($8.7)
Arts & Culture $11.5 $7.7 ($3.8)
Hotel Occupancy Tax Fund Trial Budget
a: To offset the Community & Visitor Facilities Reduction in FY 2021; the General Fund would transfer
$6.9 million in FY 2021 and adjustments to personnel and other expenses would be made in the
amount $5.1 million
7
FY 2021 Arts & Culture Funding Reductions
▪FY 2021 Arts Agency Funding: Reduce existing arts agencies funding by 35% for FY 2021 ($2,800,000)• Year three of 3-year cycle
• 43 organizations
▪Other Reductions • $ 1 Million
8
2017 Bond Program Public Art
▪ $8.3 million for 24 public art projects
• Artists selected for 12 projects ($5.5 million budget)
• Community engagement process to begin for remaining 12 projects ($2.8 million budget)
• Staff will utilize Arts Delegate Agencies to assist in Community Engagement (11 agencies are pre-qualified to do this work)
• In an effort to hire more artists, staff will break the projects up into smaller components or “artist teams” to allow more artists to participate.
• Hire local filmmakers and photographers to document the Public Art development process
Presented by: Carlos Contreras, Assistant City Manager &Lori Houston, Assistant City Manager
June 26, 2020
City Council Goal Setting Session for FY 2021 Budget
HotelOccupancy Tax Fund
