Higher ‘Bed Tax’ In Oneida County?

News

County Executive Wants Revenus To Benefit Nexus Center

UTICA–Oneida County officials are making the move to raise the occupancy tax, otherwise known as the “bed tax,” from 2 percent to 5 percent. This tax would apply to those who stay at local hotels and motels.

County Executive Anthony Picente wants a chunk of the additional revenue to help pay for the proposed Nexus Center sports complex in downtown Utica.

Initial estimates to make the Nexus Center happen come in at $44 million. New York State has committed up to $22 million–or 50 percent–of the project cost.

Picente says the current “bed tax” brings in around $750,000 each year–meaning the 5 percent tax would garner $1.875 million annually; how much of that will go to the Nexus Center has yet to be decided.

The next steps to make the 5 percent “bed tax” a reality rests in the hands of the State legislature–the legislative session ends June 19th.

Eyewitness News reporter Ben Dennis brings us more.

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