HOTEL/MOTEL TAX FUND
Village of Lisle | Fiscal Year 2023/2024 Budget
The Hotel/Motel Tax Fund accounts for the collection of the tax assessed on hotel and motel guests for overnight stays. The Village's hotel/motel tax rate is 5%, of which 3% is accounted for in this fund. These funds are restricted for the promotion of tourism, conventions, capital improvement projects, economic development activities, and special events within the Village. Annual expenditures include funding the DuPage Convention and Visitors Bureau membership, Independence Day fireworks, seasonal decorations, the business development grant program, bike path improvements, and the maintenance, setup, marketing, and operations of Village special events.