ResolutionTHAT the City of Greater Sudbury approves a 4% Transient Accommodation Tax (Hotel Tax);
AND THAT staff be directed to proceed with industry consultation and a review of best practices in other municipalities;
AND THAT 50% of net revenue from the Hotel Tax be directed towards the debt obligation required for the Event Centre;
AND THAT the City of Greater Sudbury Community Development Corporation be designated as the non profit organization required to administer the remaining 50% of the Hotel Tax net revenue and that those funds be designated exclusively for tourism promotion and development;
AND THAT staff be directed to report back to the Finance and Administration Committee in Q2 2018 with a detailed proposal for the structure and implementation of the program as well as providing Council the appropriate enacting by-laws as outlined in the report entitled "Transient Accommodation Tax", from the General Manager of Corporate Services, presented at the Finance and Administration Committee meeting on February 6, 2018.
Relationship to the Strategic Plan / Health Impact Assessment
This report supports Council’s strategic pillar of Responsive, Fiscally Prudent, Open Governance.
Report SummaryThis report will be seeking Council's approval to implement a Transient Accommodation Tax in the City of Greater Sudbury effective July 1, 2018.
If approved, 50 percent of the net revenue will be directed towards funding of the City's debt obligation for the Event Centre.
The remaining 50 percent will be designated exclusively for tourism promotion and development.