What’s BID? Business Improvement District. What Does It Do?

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VIDEO. At the Half Moon Bay City Council 6/16/2020 meeting, Matthew Chidester, Deputy City Manager presents on the Business Improvement District (BID).

$1 per room, per night goes into the BID which goes into marketing hotels to the public, which increases TOT (Transient Occupancy Tax).

Transient Occupancy Tax (TOT) is historically the City’s single highest revenue source, accounting for approximately 40 percent of the annual operating budget.

TOT revenue typically grows year-over-year, and in recent years has been over $6 million annually.

TOT taxes are collected from hotels, bed and breakfasts, inns, RV Parks, campgrounds and short-term vacation rentals. Hotels are the largest contributor, providing approximately 95 percent of TOT collections.

 

 


The New Now ~ Virtual Remote Public Agency Meetings

Watch streaming, or the Pacifica Coast TV video, that we will post. Stay tuned!
The meeting will be held at the Adcock Community Center for any members of the public who wish to speak in person, though we do encourage all members to participate remotely.
The meeting will be:
Members or the public are welcome to submit comments (in accordance with the three-minute per speaker limit) via email to [email protected] prior to or during the meeting, via Facebook live during the meeting, and via two phone lines during the meeting – (650) 477-4963 (English) and (650) 445-3090 (Spanish).
The City Clerk will read all comments into the record.

HMB City Council Agendas

HMB City Calendar

HMB City Virtual Meeting Link

    1. Adam Eisen

      Mayor
      Phone: 650-726-8250 (leave message with Clerk’s office)
    2. Robert Brownstone

      Vice Mayor
      Phone: 650-726-8250 (leave message with Clerk’s office)
    3. Deborah Penrose

      Council Member
      Phone: 650-726-8250 (leave message with Clerk’s office)
    4. Debbie Ruddock

      Council Member
      Phone: 650-726
    5. Harvey Rarback

      Council Member
      Phone: 650-726-8250 (leave message with Clerk’s office)

Coastside Buzz
Author: Coastside Buzz

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