As Bexar County voters head to the polls Nov. 4, they will decide whether to raise the hotel occupancy tax, or HOT, from 1.75% to 2%.
Funds raised from this increased tax, as well as the existing 5% tax on rental cars, will go toward the renovation of the Frost Bank Center, the transformation of the Freeman Coliseum into a permanent home for the San Antonio Stock Show & Rodeo, and up to 25%, or $311 million, of the cost for a San Antonio Spurs arena downtown.
The details: Voters will decide on two propositions, with Proposition A funding the existing county venues and rodeo, while Proposition B funds a portion of the Spurs arena. Jim Lefko, director of communications for Bexar County Judge Peter Sakai, said the tax is estimated to generate $503 million over a 30-year period. Lefko said the most important aspect of the vote is that funds raised through this tax can only be used on venues.
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