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San José Spotlight
Gilroy hotel tax increase will generate thousands of dollars
A ballot measure in Gilroy is on a path to victory that will allow the City Council to raise its hotel tax significantly. As of Friday, Measure B shows voter approval at 65%, which gives the city the ability to raise the transient occupancy tax (TOT) from its current 9% to as much as 13%.... The post Gilroy hotel tax increase will generate thousands of dollars appeared first on San José Spotlight .
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San Jose Spotlight: Gilroy Hotel Tax Increase Will Generate Thousands Of Dollars
A ballot measure in Gilroy is on a path to victory that will allow the City Council to raise its hotel tax significantly. As of Friday, Measure B shows voter approval at 65%, which gives the city the ability to raise the transient occupancy tax (TOT) from its current 9% to as much as 13%. The measure only requires a simple majority to pass. Contingent on how the council votes, the city could see an additional $300,000 in annual general fund revenue at 11% or $700,000 at 13%.