

At their Wednesday meeting, Monroe County commissioners decided to send a request to the local food and beverage tax advisory commission (FABTAC) that they be able to use “any and all” of the county’s share of food and beverage tax proceeds for existing convention center debt and management expenses.
Historically it has been innkeeper’s tax revenues that have been used to pay the convention center debt service. But innkeeper’s tax revenues have have been hit hard by the COVID-19 pandemic. Food and beverage revenues are also down due to the pandemic, but not by as much.
Under the state statute on food and beverage taxes, the request needs to go before the seven-member FABTAC and get a favorable recommendation, before the tax revenue can be used the way the commissioners are requesting. Continue reading “Monroe County asks food and beverage tax group to recommend use of tax proceeds for convention center debt”