VIDEO. At the Half Moon Bay City Council 6/16/2020 meeting, Matthew Chidester, Deputy City Manager presents on the Business Improvement District (BID).
$1 per room, per night goes into the BID which goes into marketing hotels to the public, which increases TOT (Transient Occupancy Tax).
Transient Occupancy Tax (TOT) is historically the City’s single highest revenue source, accounting for approximately 40 percent of the annual operating budget.
TOT revenue typically grows year-over-year, and in recent years has been over $6 million annually.
TOT taxes are collected from hotels, bed and breakfasts, inns, RV Parks, campgrounds and short-term vacation rentals. Hotels are the largest contributor, providing approximately 95 percent of TOT collections.
The New Now ~ Virtual Remote Public Agency Meetings
- streamed live on Comcast Channel 27 and Pacific Coast TV website
- the City’s website online (via Granicus)
- and on Facebook Live
- Recorded by Pacific Coast TV (PCTV)