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HomeMy WebLinkAboutORD2024-014 Bed Tax FAILEDFAILED INTRODUCTION Sponsored by: Sorensen Introduction: November 12, 2024 Failed: November 12, 2024 Reconsideration: November 25, 2024 Reconsideration Failed: November 25, 2024 CITY OF SEWARD, ALASKA ORDINANCE 2024-014 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, REVISING SEWARD CITY CODE SECTION 5.45.015(A) HOTEL/MOTEL ROOM TAX — LEVY OF TAX, TO INCREASE THE HOTEL/MOTEL TAX RATE FROM FOUR PERCENT TO EIGHT PERCENT EFFECTIVE JANUARY 1, 2025 WHEREAS, initiative Ordinance No. 95-01-INIT was placed before the voters at the regular election in October 1995 and was approved by a majority of the voters voting on the question, thereby establishing a 4% hotel/motel room tax, and creating Seward City Code 5.45.015, which provides the authority for the imposition of a hotel/motel room tax; and WHEREAS, the revised preliminary 2025/2026 operating budget includes a proposed 4% increase in the hotel/motel room tax, increasing the tax rate from 4% to 8%, and generating an estimated $694,533 in additional revenues; and WHEREAS, the City of Seward has one of the lowest bed tax rates of the Alaskan communities that have a bed tax; and WHEREAS, the City recognizes the need to diversify revenue in a way that minimizes the burden on residents and year-round community members; and WHEREAS, these additional funds would help the visitor industry pay for continued support of Seward's destination marketing, additional infrastructure in visited areas, and general services that are used by visitors and residents alike such as public safety. NOW, THEREFORE, THE CITY OF SEWARD ORDAINS that: Section 1. The Seward City Code Section 5.45.015(A) is amended as follows: Strikeout — Delete Bold Underlined — New A. There is hereby levied a tax on all hotel/motel rent equal to fear eight, percent of the hotel/motel rent. Section 2. The effective date of the change to the hotel/motel room tax rate is January 1, 2025. CITY OF SEWARD, ALASKA ORDINANCE 2024-014 Page 2 of 2 Section3. This ordinance shall take effect 10 days after its enactment. ENACTED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA on this 16th day of December 2024. THE CITY OF SEWARD, ALASKA FAILED INTRODUCTION Sue McClure, Mayor AYES: NOES: ABSENT: ABSTAIN: ATTEST: Kris Peck City Clerk (City Seal) 1 1 City Council Agenda Statement Meeting Date: November 12, 2024 To: City Council Through: Kat Sorensen, City Manager From: Jason Bickling, Deputy City Manager Subject: Ordinance 2024-014: Revising Seward City Code Section 5.45.015(A) Hotel/Motel Room Tax — Levy of Tax, to Increase the Hotel/Motel Tax Rate from Four Percent to Eight Percent, Effective January 1, 2025 Background and justification: The hotel/motel room tax, also known as the "bed tax," was initiated by voters in 1995 (Initiative Ordinance No. 95-01-INIT) by a majority vote. The tax was established at 4% and has not been increased since the initiative passed. The bed tax is considered a sales tax, and, as a home rule city, the City of Seward has the authority to amend the tax levy by ordinance. The bed tax is a fee on the end user. Short term rentals and hotels/motels collect the bed tax from visitors. They do not pay the bed tax they simply remit it to the city. No extra work is required for those businesses to implement the change since the system to collect the bed tax is already in place. Past collection amounts for the City of Seward are listed below: 2023 - $840,428 2022 - $804,511 2021 - $713,633 2020 - $217,434 2019 - $591,674 2018 - $556,065 For the communities in the state that collect bed tax, Seward has one of the lowest rates. For comparison, other Alaskan communities that impose a bed tax are listed below: 4% - Seward 6% - Valdez, Wrangel, Nome, Sitka 7.5% - Denali Borough 8% - Houston, Wasilla, Palmer (Mat -Su Borough), Fairbanks, Fairbanks Borough, North Pole, Skagway, Yakutat 9% - Juneau 10% - Dillingham 12% - Anchorage, Bethel X Comprehensive and Strategic Plan Consistency Information This legislation is consistent with (citation listed): Comprehensive Plan: Strategic Plan: Other: Total amount of funds listed in this legislation: $ 548,638 This legislation (✓): Creates revenue in the amount of: Creates expenditure in amount of: Creates a savings in the amount of: Has no fiscal impact Funds are (✓): X $ 548,638 Budgeted Line item(s): 4020- Hotel/Motel Room Tax Not budgeted Not applicable Affected Fund (✓): General Boat Harbor Motor Pool X Available Fund Balance SMIC Parking Other Electric Water Wastewater Healthcare Note: amounts are unaudited Finance Director Signature: Attorney Review X Yes Attorney Signature: Not applicable Comments: Administration Recommendation X Adopt Ordinance Other: