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Regardless of the home-rule petition's status, the tax will start Jan. 1. Marlborough should collect its first check - possibly about $80,000 - around the end of March for the quarter that runs through February, Vigeant said.[link widoczny dla zalogowanych].
The money would go into the city's general fund until the special fund is officially established. In the meantime,[link widoczny dla zalogowanych], Councilor Patricia Pope said she would support a resolution that states the council's intention to use the revenue for economic development. "We did this for economic development,[link widoczny dla zalogowanych]," not for the general fund, Pope said. The third and final step for the City Council is approving transfers,[link widoczny dla zalogowanych], requested by the mayor, out of the special fund. Excess revenue not transferred out of the special fund would simply accumulate there.[link widoczny dla zalogowanych].
Vigeant proposed the idea to increase the hotel tax with the ultimate goal of stabilizing the residential tax rate by earmarking the additional money for economic development and bringing new growth to the city. The council will keep a close eye on how the city uses the funding and if it is meeting goals,[link widoczny dla zalogowanych], Vigeant said. Councilors have the option of removing the tax and the special fund, according to the proposed measure.
"If this thing just isn't working, I absolutely hope to lead the charge to get rid of it," Councilor Joseph Delano said. "I don't think any of us wanted to enact a tax but I think almost all of us wanted economic development."[link widoczny dla zalogowanych].