The Peachtree City Convention & Visitors Bureau has adopted “a very conservative budget” for FY2018 due to a drop in hotel/motel tax revenue.
The City Council unanimously approved the budget on Sept. 7 following a year-in-review presentation from Jennifer Johnson, the CVB’s executive director. The $844,386 budget projects a $114,194 deficit because two of the city’s major conference centers have changed ownership and are undergoing renovations, which have reduced bookings. The CVB gets 91 percent of its funding through room taxes.
Johnson said the CVB has trimmed expenses and may revise the budget if revenues normalize.