Will unspent TDF money rollover into the next year?

Yes. Any unspent funds would be available in subsequent years for project awards. Additionally, if the committee realizes an inability to expend all of the revenue, they can recommend that the tax rate be reduced as needed or warranted.

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1. What types of projects could be funded by the TDF?
2. How is the TDF funded?
3. Is anyone able to apply for funding?
4. How would the TDF money be distributed?
5. Why does the City have to fund the projects?
6. How did City Council decide on a Tourism Development Fund?
7. Will unspent TDF money rollover into the next year?
8. How does the TDF differ from the City’s Capital Improvement Plan (CIP)?
9. Where has a TDF been successful in a similar market to ours?
10. How will we determine the success of the TDF?