Palm Springs TOT tax seeing a drop, city working to fix this
Over the past few years, Palm Springs's Transient Occupancy Tax (TOT) has been seeing a drop. This year's summer months are also seeing a steady decline.
TOT, also known as "Bed Tax," is a tax of 12% of the rent charged to transient guests in hotels/motels.
This could be a problem for city funds as tourism is one of its top economic drivers.
What is the city doing to address this?
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