The Greensboro/Guilford County Tourism Development Authority is a public entity created to “promote activities and programs that promote travel and tourism to the area,” and deducts approximately 70% of its net revenue from Guilford County occupancy taxes. I’m getting it from
As a result, the authority must annually seek approval from the Guilford County Commission for its annual budget, which it is seeking this week.
The county’s 3 percent tax is an additional fee applied to room and lodging rentals by hotels, motels, inns, tourist camps, and similar businesses.
In early April, the Tourism Development Board approved a 2024-2025 budget of $8,578,650, and the agency will submit the budget at its June meeting if the budget is approved by the Guilford County Commission and Greensboro City Council. We plan to adopt it.
Officials are asking for $1.307 million in salary. This is a 1% decrease compared to the current financial year (2023-2024), which ends on June 30.
The authority’s total revenue from city and county occupancy taxes is expected to be just over $8 million in the upcoming budget year, 21% more than the authority budgeted for the 2023-2024 fiscal year.
The 11-member authority consists of five directors appointed by the commission, five appointed by the Greensboro City Council, and one director elected by the Greensboro Chamber of Commerce. I am.
The official job of the Tourism Bureau is to “promote the prosperity, general interest, and welfare of the City of Greensboro by encouraging and promoting local attractions, facilities, and businesses; and tourism within Guilford County.” and by promoting convention business and improving the economy.”
On Thursday, May 2, the commission is scheduled to vote on whether to approve the authority’s budget. Unless it is known that a vote was taken to approve the relocation, it is unlikely to be on the County Commission’s agenda. However, it is worth noting that this budget is listed on the agenda under new business.
Items under New Business are actually discussed, as opposed to items on the Commissioner’s Consent Agenda. Unless a committee member has concerns about an item and “removes” it from the consent agenda, he approves it without discussion in one vote.
