If all five bond propositions are approved, the City’s financial advisors estimate the tax impact at about $14.25 per month for the average single-family home in Beaumont.

Once voters authorize bonds, City Council decides when to issue (or sell) them. This flexibility means the Council can adjust the timing—such as delaying projects—if economic conditions change.

If the venue tax is approved, there will not be a change to the tax rate. Only hotel guests visiting the city pay Hotel Occupancy Tax.

The City of Beaumont works to make the most of its budget each year, but like many cities, infrastructure needs often exceed what annual funding can cover.

Bond debt works much like a home mortgage — it is repaid over time — while regular operating expenses are more like daily household costs, such as groceries, that must be paid immediately.

Just as a home is paid for over many years, major capital projects—like a police headquarters, parks, or road improvements—have a long useful life. Spreading out their cost ensures that both current and future residents who benefit from them share in paying for them. Most bond debt is financed over about 20 years.

The Venue Tax is a 2% increase to Beaumont’s existing Hotel Occupancy Tax (HOT). Visitors would pay this tax when staying in local hotels, motels, or short-term rentals. Residents would not pay this tax.

Revenue from the Venue Tax would help:

• Construct a new convention center in downtown Beaumont.

• Maintain and operate the facility long-term.

• Support the hotel-and-convention-center project.