Accommodation Tax Fund


Overview

The accommodations tax fund is a capital project fund that is used to account for the acquisition of major capital projects not being financed by proprietary funds.


At the November 4, 1986 Special Election, Steamboat Springs voters approved an accommodations tax of 1%. Since 1986, these funds were used to construct the original Tennis Center, Strings former tent, and the Haymaker Golf Course and Clubhouse. In 2013, the final payment was made on the golf course and the annual collection became available for future projects. The Accommodations Tax Committee was formed to assist City Council to plan for the future of this tax. After an extensive process to review and evaluate each of the proposed projects, the Yampa Street and Trails Alliance proposals were selected and were voted on by the community in what is known as the 2A Ballot Initiative. For 2024, Bear River Park will be funded by $1.8 million to continue Phase 1 of the project. The 2024 estimated ending fund balance is $682,542.




Expenditures by Division

Expenditures by Classification

Revenues by Classification

Revenues and Expenditures

The Numbers Over Time 10 Year Ballot Initiative (expires 2023)

The Numbers Over Time - Expenditures

The Numbers Over Time - Revenues