Steamboat Springs — Should Steamboat Springs voters approve Referendum 2B on Nov. 1, the expected $1.3 million that could be generated annually for up to five years by the 0.25 percent citywide sales tax would be administered by the existing board of the Local Marketing District.
The board also oversees revenues generated by a 2 percent lodging tax. However, there is a notable difference between how Referendum 2B revenues and Local Marketing District revenues can be used, City Finance Director Deb Hinsvark said Wednesday.
“Use of the 2B funds will be extremely narrow,” Hinsvark said.
Revenues from the Local Marketing District lodging tax may be used to market airline service and to support summer airline service as well as to pay minimum revenue guarantees to the airlines that fly to Yampa Valley Regional Airport during ski season.
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