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Estimated Annual Budget If Maximum Assessment Rates
<br /> Are Adopted
<br /> Sales& Destination Administration Collection Fee Contingency/
<br /> Year Marketing Development Renewal Total
<br /> 2022/23 $1,407,900 $216,600 $389,880 $43,320 $108,300 $2,166,000
<br /> 2023/24 $1,450,137 $223,098 $401,576 $44,620 $111,549 $2,230,980
<br /> 2024/25 $1,838,327 $282,820 $509,075 $56,564 $141,410 $2,828,196
<br /> 2025/26 $1,893,477 $291,304 $524,347 $58,261 $145,652 $2,913,042
<br /> 2026/27 $1,950,281 $300,043 $540,078 $60,009 $150,022 $3,000,433
<br /> 2027/28 $2,008,790 $309,045 $556,280 $61,809 $154,522 $3,090,446
<br /> 2028/29 $2,069,053 $318,316 $572,969 $63,663 $159,158 $3,183,159
<br /> 2029/30 $2,131,125 $327,865 $590,158 $65,573 $163,933 $3,278,654
<br /> 2030/31 $2,195,059 $337,701 $607,862 $67,540 $168,851 $3,377,014
<br /> 2031/32 $2,260,911 $347,832 $626,098 $69,566 $173,916 $3,478,324
<br /> Total $19,205,060 $2,954,625 $5,318,324 $590,925 $1,477,312 $29,546,246
<br /> The table below demonstrates the annual improvement and service plan budget with the assumption
<br /> that the rates will not be increased during the 1YTAID's ten (10) year term. Additionally, a three
<br /> percent (3%) annual increase in the total budget is shown, to account for estimated increased room
<br /> night sales as a result of TVTN1D efforts.
<br /> Estimated Annual Budget If Maximum Assessment Rates
<br /> Are Not Adopted
<br /> Year Sales & Destination Administration Collection Fee Contingency Total
<br /> Marketing Development /Renewal
<br /> 2022/23 $1,407,900 $216,600 $389,880 $43,320 $108,300 $2,166,000
<br /> 2023/24 $1,450,137 $223,098 $401,576 $44,620 $111,549 $2,230,980
<br /> 2024/25 $1,493,641 $229,791 $413,624 $45,958 $114,895 $2,297,909
<br /> 2025/26 $1,538,450 $236,685 $426,032 $47,337 $118,342 $2,366,847
<br /> 2026/27 $1,584,604 $243,785 $438,813 $48,757 $121,893 $2,437,852
<br /> 2027/28 $1,632,142 $251,099 $451,978 $50,220 $125,549 $2,510,988
<br /> 2028/29 $1,681,106 $258,632 $465,537 $51,726 $129,316 $2,586,317
<br /> 2029/30 $1,731,539 $266,391 $479,503 $53,278 $133,195 $2,663,907
<br /> 2030/31 $1,783,486 $274,382 $493,888 $54,876 $137,191 $2,743,824
<br /> 2031/32 $1,836,990 $282,614 $508,705 $56,523 $141,307 $2,826,139
<br /> Total $16,139,996 $2,483,076 $4,469,537 $496,615 $1,241,538 $24,830,763
<br /> C. California Constitutional Compliance
<br /> The TVTMD assessment is not a property-based assessment subject to the requirements of
<br /> Proposition 218. Courts have found Proposition 218 limited the term `assessments' to levies on real
<br /> property.' Rather, the TVTMD assessment is a business-based assessment, and is subject to
<br /> Proposition 26. Pursuant to Proposition 26 all levies are a tax unless they fit one of seven exceptions.
<br /> 'Jarvis v. the City of San Diego 72 Cal App.4th 230
<br /> TVTMD Management District Plan VISIT I I
<br /> February 3,2022 ti/f./Ii
<br /> california
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