How much would taxes increase if the TDF is approved?

Virginia Senate Bill 942 (2018) increased the Virginia sales tax 1% in the Historic Triangle (James City County, York County, and the City of Williamsburg). A portion of that 1% goes to fund the Tourism Development Fund (TDF).

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1. Why do we need a Tourism Development Fund (TDF)?
2. What types of projects could be funded by the TDF?
3. How much would taxes increase if the TDF is approved?
4. Why can’t the City fund the TDF using existing revenues?
5. Is anyone able to apply for funding?
6. How would the TDF money be distributed?
7. Why does the City have to fund the projects?
8. How did City Council decide on a Tourism Development Fund?
9. Will unspent TDF money rollover into the next year?
10. How does the TDF differ from the City’s Capital Improvement Plan (CIP)?
11. Where has a TDF been successful in a similar market to ours?
12. How will we determine the success of the TDF?