Lodging tax expected to fall short

The portion of lodging tax funds marked for use in construction of a conference center are expected to fall short of the initial $600,000 projection for the year.

At the Finance Committee meeting Tuesday, Finance Director Steve Schlueter said, with 11 months of totals, the funds would be slightly under the expected figure. City financials show the average monthly amount being set aside for a conference center is $46,575, when $50,000 per month would be needed to reach the $600,000 goal for the year.

The year-to-date total in the conference center fund is $512,333, with one month of reporting left.

Read additional details in our newspaper or e-Edition. Newspaper subscribers: Click on an e-Edition article and log in using your current account information at no extra charge. For e-edition help, e-mail circ@newstribune.com. Click here to purchase the full version of archived articles.

Comments

Use the comment form below to begin a discussion about this content.

Please review our Policies and Procedures before registering or commenting

News Tribune - comments