BOONE, Iowa—The Boone City Council this week approved the distribution of expected Hotel-Motel Tax receipts for the 2018 Fiscal Year. The annual distribution is usually announced in early January as the Council gets into budget work. Requests are received through a grant application process available online at the city’s website www.boonegov.com.
This year, staff estimated receipts for the next fiscal year at $145,000, the same as the current fiscal year. Ten applications were received, but not all received their requests. Those that did receive appropriations included the Convention and Visitors Bureau, $55,000. Their request was $72,400. Boone County Economic Development requested $35,000 and received that amount. The Boone County Historical Society requested $15,000 and received $10,000.
Other recipients included the Boone Farmers’ Market, a first time applicant that requested $4,000 and received $1,000. The Boone Action Association requested $5,000 and received $3,000 to promote their planned Boone’s River Valley Festival. The Boone Parks Foundation requested and received $5,000 and the Seven Oaks Ski Patrol requested $10,000 and received $5,000.
The Council also directed $6,000 to go to the 4th of July fireworks and kept $25,000 in a Special Projects line item to cover requests that generally come up during the year.
Applications for funds from the Boone County Agricultural Association (the Fairgrounds), Salvation Army and Boone County Family “Y” were not approved.
The Hotel-Motel Tax is a 7% tax established by voters in Boone in the 90’s. The tax is included in the city’s General Fund with the requirement that 50% be used for qualifying entities and projects such as recreation, convention, cultural, or entertainment facilities; or for the promotion and encouragement of tourist and convention business in the City and surrounding areas. The balance of the receipts may be used for regular general fund purposes.