Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Nonprofits hoping to receive a part of $3.9 million in tax revenues

July 16, 2013 Updated: July 16, 2013 at 5:35 pm
0

Colorado Springs City Council members will decide by December which festivals, city events and economic development groups will receive a portion of several million dollars in city tax money to help fund their projects.

The city has received 24 applications asking for some of the estimated $3.9 million in Lodgers and Automobile Rental Tax collections, or LART, said City Auditor Denny Nester. The money will be distributed as a part of the 2014-15 fiscal year city budget. Some of those applications are sometimes filed by the same nonprofit for different events, Nestor said. For example, in the 2013 fiscal year, the symphony filed two applications - one for its summer symphony event and another for its Fourth of July show.

Another four organizations - the Veterans Day Parade, Festival of Lights, Fallen Firefighters Memorial and Downtown Cultural Festival - are also expected to present applications to a citizen's advisory group, even though they missed the July 8 filing deadline.

A seven-member citizen's committee will meet at 2 p.m. Thursday on the second floor of City Hall to decide which of the applicants should receive funding. The group will then present its decisions to City Council, which will make the final decision on which groups receive money and how much they get.

Jan Martin, City Council liaison to the committee, said Monday that the four groups who filed late could still present their application by Thursday morning.

"Our goal is not to exclude anyone," she said.

However, it does not mean they, or any organization, is guaranteed of receiving LART funding next fiscal year.

The Lodgers and Automobile Rental Tax is paid by people who stay in Colorado Springs hotels and motels and rent cars within the city. It is tax added after state and city taxes, he said. The LART proceeds are then given to the city and put into a separate fund. The entire pot goes to fund city events and festivals and economic development groups, such as the Colorado Springs Technology Incubator.

Some of the lodging tax funds are used to pay for a festival's "in-kind" expenses, Nestor said, such as erecting barricades and paying for police officers. In that instance, the money is transferred directly to the police department, not to an individual, Nestor said.

-

Contact Ned Hunter: 636-0275

Comment Policy
Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.