Convention and Visitors Fund is funded by the 3% lodging tax that hotel and motel guests pay. The funds from this tax are used to support and promote the convention and visitor activities throughout the city.
- Lodging Tax Deposits: Lodging tax deposits is the total amount of lodging tax revenue deposited into the Conventions & Visitors Fund that year.
- Visitorship Initiative Expenditures: Visitorship Initiative Expenditures are funds allocated by the city for programs and projects designed to increase tourism. These expenditures include marketing, staffing, sponsorships for visitor-related events, and activities that enhance the city's appeal and accessibility as a destination.
- Visitor Convention Repayment Agreement: A Visitor Convention Repayment Agreement is a contract where funds used to develop a convention center are repaid over time through revenue or benefits generated from the facility. This ensures that the initial city investment is reimbursed as the center becomes financially productive.