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Edmond officials study increasing motel tax

 
BY DIANA BALDWIN    Comment on this article Leave a comment
Published: November 25, 2008
photo - The Fairfield Hotel at Interstate 35 and Second Street is one of Edmond’s hotels and motels that would be affected by a tax increase. BY PAUL HELLSTERN, THE OKLAHOMAN
The Fairfield Hotel at Interstate 35 and Second Street is one of Edmond’s hotels and motels that would be affected by a tax increase. BY PAUL HELLSTERN, THE OKLAHOMAN

EDMOND — Mayor Dan O’Neil is gathering information about increasing the city’s hotel-motel tax to pay for the construction of a conference center.

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BY THE NUMBERS

Motel tax revenue

A look at this year’s hotel-motel tax revenue numbers:

→$418,000 — Estimated budgeted income for this fiscal year

→$139,333 — Revenue collected to date

Income increase

A hotel-motel tax increase would bring an estimated additional income annually:

→5 percent — $104,500

→6 percent — $209,000

→7 percent — $313,500

→8 percent — $418,000

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