Laserfiche WebLink
L13A'f'l�,j� <br />AON <br />Proposed Allocation of <br />Tourist Tax Funds <br />1 1/2 Cents for Tourism Development Agencies <br />allocated as follows: <br />• 80% to AHistorical <br />ncies i.e. Chambers, Cultural <br />Council, Society, Sports <br />Commission, Vero Heritage) <br />• 20% further allocated as follows: <br />• 5% or $75,000 (whichever is greater) dedicated <br />Passenger Aviation Marketing to be used solely <br />promote and advertise tourism <br />• 10% dedicated to new "Authorized Uses of <br />Revenue" as listed in Florida Statue 125.0104 <br />• 5% Reserve Funds to be maintained until 10% c <br />prior year's unencumbered operating budget is <br />reached <br />• Once 10% is reached, 5 % to be moved tc th <br />newly adopted expense categories - <br />