On the agenda for the next BCC meeting, 2/25/20, the Walton TDC will:
Request approval to advertise and hold a Public Hearing to consider an Ordinance amending Ordinances 86-18 and 98-2 (establishing the initial Tourist Development Tax and the Third Cent Tourist Development Tax) (as amended by Ordinances 91-5, 91-9, 01-12, 94-14, 97-38, 00-19, 0201, 04-06, 07-98, 08-33, 09-11, 14-02, 16-01 and 18-03, which address collection issues and prior Tourist Development Plans), and updating the previously adopted Walton County Tourist Development Plan with anticipated revenue and expenses for the 24 months beginning January 1,2020
The anticipated net tourist development tax revenue to be derived by the County for the 24 months following the levy of the tax at 5% is approximately 64 Million Dollars($64,000,000.00).
The following is a list, in the order of priority, of the proposed uses of the funds anticipated expense allocation for each specific project or special use:
1) Tourism Advertising/Promotions/Materials$ 12,800,000 –$ 13,184,000
2) Shoulder Season Advertising/Promotions$ 12,800,000 –$ 13,184,000
3) Beach Nourishment / High Impact$ 12,800,000 –$ 13,184,000
4) Beach Maintenance / Development$ 9,600,000 –$ 9,888,000
5) Product Development$ 6,400,000 –$ 6,592,000
6) Administration $ 9,600,000 –$ 9,888,000
Request approval to advertise and hold a Public Hearing to consider an Ordinance amending Ordinances 86-18 and 98-2 (establishing the initial Tourist Development Tax and the Third Cent Tourist Development Tax) (as amended by Ordinances 91-5, 91-9, 01-12, 94-14, 97-38, 00-19, 0201, 04-06, 07-98, 08-33, 09-11, 14-02, 16-01 and 18-03, which address collection issues and prior Tourist Development Plans), and updating the previously adopted Walton County Tourist Development Plan with anticipated revenue and expenses for the 24 months beginning January 1,2020
The anticipated net tourist development tax revenue to be derived by the County for the 24 months following the levy of the tax at 5% is approximately 64 Million Dollars($64,000,000.00).
The following is a list, in the order of priority, of the proposed uses of the funds anticipated expense allocation for each specific project or special use:
1) Tourism Advertising/Promotions/Materials$ 12,800,000 –$ 13,184,000
2) Shoulder Season Advertising/Promotions$ 12,800,000 –$ 13,184,000
3) Beach Nourishment / High Impact$ 12,800,000 –$ 13,184,000
4) Beach Maintenance / Development$ 9,600,000 –$ 9,888,000
5) Product Development$ 6,400,000 –$ 6,592,000
6) Administration $ 9,600,000 –$ 9,888,000