City’s 2022 finances demonstrates challenging year for Iowa journey

Although lodge/motel tax cash is a boon to governing administration budgets in 186 jurisdictions in Iowa, Coralville stands out for the funds it really is able to crank out from heads in hotel beds.

Since fiscal calendar year 1984, the metropolis has witnessed hotel/motel profits raise drastically — from $331,681 to $2.76 million in fiscal calendar year 2020, a 732% boost. By comparison, Des Moines produced the most from the tax in fiscal yr 2020, at $6.1 million, but on a per capita foundation, Coralville soars ahead of the pack, generating $130.79 per capita in comparison to Des Moines’ $28, based mostly on 2019 U.S. Census estimates.

And for the city’s fiscal 12 months 2021 spending plan (which commenced in July 2020), Coralville city leaders predicted these numbers to develop, anticipating extra than $3 million in income from that single tax by itself — practically 10% of its anticipated revenues. But the fact of the pandemic led to a drop off in folks coming to town and using edge of, amongst other points, the city’s lodge rooms.