Lodger's Tax Advisory Board

LODGER'S TAX ADVISORY BOARD MEETING AGENDA MEETING TO BE HELD VIA HYBRID-IN PERSON AND ON-LINE MEETING ROOM LOCATED AT 102, 9 FIREHOUSE RD.TAOS SKI VALLEY, NEW MEXICO WEDNESDAY, JULY 15, 2026 AT 1:00 PM 1. CALL TO ORDER AND NOTICE OF MEETING 2. ROLL CALL 3. APPROVAL OF AGENDA 4. APPROVAL OF MINUTES A. Approval of Minutes of May 6, 2026, Meeting 5. REVIEW 2025/2026 BUDGET A. Carrol Griesedieck will provide an update on Lodger’s Tax collections 6. REPORT: MEETING FOR RECOMMENDATIONS ON ADMINISTRATING AND FUNDING OF LODGER'S TAX A. Henri Hammond-Paul 7. REVIEW 2026/2027 BUDGET A. See attached 2026/2027 Budget 8. MISCELLANEOUS 9. ANNOUNCEMENT OF THE DATE, TIME & PLACE OF THE NEXT MEETING OF THE LODGERS TAX ADVISORY BOARD _________REGULAR MEETING. The next regularly scheduled meeting of the Lodgers Tax Advisory Board of the Village of Taos Ski Valley will be held as a hybrid in-person and on-line meeting on ___________, at 1:00 pm in Room 102, 9 Firehouse Rd., Taos Ski Valley, NM and the Agenda, Agenda attachments, and Zoom Meeting link will be available to the public on the Village website at https://www.vtsv.org. 10. ADJOURNMENT Page 1 of 9  LODGER'S TAX ADVISORY BOARD REGULAR MEETING MINUTES MEETING TO BE HELD VIA HYBRID - IN PERSON AND ONLINE MEETING ROOM LOCATED AT 102, 9 FIREHOUSE RD. TAOS SKI VALLEY, NEW MEXICO WEDNESDAY, MAY 6, 2026 AT 1:00 PM 1. CALL TO ORDER AND NOTICE OF MEETING Meeting Called to Order 1:00PM 2. ROLL CALL Board Members Present: Roger Mariani mariani@snakedancecondos.com 776-2277 Absent: Brent Knox brentknoxtsv@taosnet.com 806-367-2040 Present: Kent Forté kforte@edelweisslodgeandspa.com 737-6900 Present: Chris Stagg jcs@skitaos.org 776-2291 Ext. 2227 Present: Henry Caldwell henrycaldw9810@gmail.com 770-9261 Guests Present: Carroll Griesedieck, Dan Vaughan, Henri Hammond-Paul, Marlene Salazar 3. APPROVAL OF AGENDA Motion by: Henry Caldwell & Second by: Kent Forté Approved 3-0 4. APPROVAL OF MINUTES A. Approval of Minutes of April 8, 2026, Meeting Motion by: Henry Caldwell & Second by: Kent Forté Approved 3-0 5. REVIEW 2025/2026 BUDGET A. See Attached Copy B. Collections to Date: $584,420.85 1. Collections are up $2,228.49 from 2024/2025 Budget 2. Proposed Remaining Collections $46,231.25 C. Scheduled Payments Page 2 of 9 1. VTSV-CC $27,083.33 2. Administration Fee $11,250.00 3. Parks $ Rec $ 3,000.00 4. Winter Wine Festival $ 5,000.00 D. Projected Year-end Balance $106,113.95 Roger Mariani joined meeting. A. Collections to date; $438,914.57 1. Current collections are down $31,330.75/6.7% from last year 2. Carroll Griesedieck will provide an update on Lodger’s tax collections. 6. REPORT: MEETING FOR RECOMMENDATIONS ON ADMINISTRATING AND FUNDING OF LODGER'S TAX A. Henri Hammond-Paul Report: Meeting for Recommendations on administrating and funding of Lodger’s Tax A. Henri Hammond-Paul: Meeting is scheduled for May 12, 2026 Time and Place TBD. 1. Discussion: Some topics were brought up for May 12th meeting. See attached Zoom meeting Transcript 7. 2026-2027 PROPOSED BUDGET Motion by: Chris Stagg & Second by: Henry Caldwell Approved 3-1 1. Decrease VTSV-CC line item from $300,000.00 to $275,000.00 2. Increase Community Proposals from $25,000.00 to $35,000.00 3. Increase Administrative Fee from $45,000.00 to $60,000.00 B. See Attached 2026/2027 Proposed Budget A. See attached 2025/2026 Proposed Budget B. Henri Hammond Paul recommendations made at last month’s Budget Meeting 1. Decrease VTSV-CC line item from $300,000.00 to $275,000.00 Page 3 of 9  2. Increase Community Proposals from $25,000.00 to $35,000.00 3. Increase Administrative Fee from $45,000.00 to $60,000.00 8. MISCELLANEOUS 9. ANNOUNCEMENT OF THE DATE, TIME & PLACE OF THE NEXT MEETING OF THE LODGERS TAX ADVISORY BOARD 07-15-2026-REGULAR MEETING. The next regularly scheduled meeting of the Lodgers Tax Advisory Board of the Village of Taos Ski Valley will be held as a hybrid in-person and on-line meeting on July 15th, 2026, at 1:00 pm in Room 102, 9 Firehouse Rd., Taos Ski Valley, NM and the Agenda, Agenda attachments, and Zoom Meeting link will be available to the public on the Village website at https://www.vtsv.org. Announcement of the Next VTSV Lodgers Tax Advisory Board MeetingJuly 15, 2026, 1:00PM Village Office Conference Room 10. ADJOURNMENT Motion by: Henri Caldwell & Second by: Chris Stagg Approved 4-0 2:03PM ATTEST: ____________________________ ____________________________ Board Chair, Roger Mariani Village Clerk, Marlene Salazar Page 4 of 9  Lodger's Tax Working Budget 2025/2026 Revenues Collection To Date Projected Collections $650,000.00 $ 621,646.10 Beginning Balance $50,000.00 $ 133,365.77 Transfer from General Fund/Loan $200,000.00 $200,000.00 Total Revenues $900,000.00 $955,011.87 Expenditures VTSV - CC $300,000.00 $300,000.00 Special Projects $25,000.00 $0.00 Community Proposals: $22,000.00 $22,000.00 Field Ins. $0.00 Taos School of Music $6,000.00 Taos Opera $3,000.00 TSV Inc. Fireworks (New Years Eve) $8,000.00 Winter Wine Festival $5,000.00 VTSV Employee Shuttle $34,000.00 $34,000.00 Airport Shuttle $80,000.00 $80,000.00 Air Service: 25/26 Service $150,000.00 $150,000.00 Parks & Rec Requests $12,000.00 $12,000.00 Administrative Fee $45,000.00 $45,000.00 Transfer to General Fund/Repay Loan $200,000.00 $200,000.00 Legal Services $500.00 $500.00 Audit $5,500.00 $5,500.00 Total Expenditures $874,000.00 $849,000.00 Total Revenue $900,000.00 $955,011.87 Total Expenditure $874,000.00 $849,000.00 Ending Balance $26,000.00 $106,011.87 4/2/2025 5/6/2026 Page 5 of 9  Lodger's Tax Working Proposed Budget 2026/2027 Revenues Collection Projected Collections $650,000.00 Beginning Balance $106,011.87 Transfer from General Fund/Loan $0.00 Total Revenues $756,011.87 Expenditures VTSV - CC $275,000.00 Special Projects $0.00 Community Proposals: $35,000.00 Film Fest - Jonathan Slator $0.00 Field Ins. $3,000.00 Taos School of Music $6,000.00 Taos Opera $3,000.00 TSV Inc. Fireworks (New Years Eve) $8,000.00 Winter Wine Festival $5,000.00 $25,000.00 VTSV Employee Shuttle $34,000.00 Airport Shuttle $80,000.00 Air Service: 25/26 Service $150,000.00 Parks & Rec Requests $12,500.00 Administrative Fee $60,000.00 Transfer to General Fund/Repay Loan $0.00 Legal Services $500.00 Audit $7,000.00 Total Expenditures $654,000.00 Total Revenue $756,011.87 Total Expenditure $654,000.00 Ending Balance $102,011.87 5/6/2026 Page 6 of 9  Lodger's Tax LODGERS' TAX CURRENT RATE = 5% 7/01/04 thru Current the tax rate is 5%; 2/97 thru 6/04 tax rate was 4.5% July August September October November December January February March April May June FY 2015 $2,492.93 $6,804.83 $15,377.68 $9,451.74 $6,196.45 $7,739.68 $48,605.50 $66,074.56 $67,834.16 $75,221.00 $5,450.60 $1,138.28 YTD $2,492.93 $9,297.76 $24,675.44 $34,127.18 $40,323.63 $48,063.31 $96,668.81 $162,743.37 $230,577.53 $305,798.53 $311,249.13 $312,387.41 FY 2016 $3,159.70 $22,368.20 $9,450.74 $5,746.17 $4,197.87 $9,297.58 $53,807.00 $72,513.85 $76,593.23 $71,244.05 $3,250.86 $2,501.47 YTD $3,159.70 $25,527.90 $34,978.64 $40,724.81 $44,922.68 $54,220.26 $108,027.26 $180,541.11 $257,134.34 $328,378.39 $331,629.25 $334,130.72 FY 2017 $3,312.79 $6,428.45 $20,520.20 $6,104.38 $4,731.31 $5,975.60 $52,006.45 $57,922.20 $70,032.91 $81,036.07 $5,683.84 $3,145.21 YTD $3,312.79 $9,741.24 $30,261.44 $36,365.82 $41,097.13 $47,072.73 $99,079.18 $157,001.38 $227,034.29 $308,070.36 $313,754.20 $316,899.41 FY 2018 $26,463.06 $13,960.76 $11,225.88 $8,960.06 $6,207.19 $6,521.15 $71,990.70 $56,655.53 $68,454.45 $74,080.27 $1,667.88 $3,332.25 YTD $26,463.06 $40,423.82 $51,649.70 $60,609.76 $66,816.95 $73,338.10 $145,328.80 $201,984.33 $270,438.78 $344,519.05 $346,186.93 $349,519.18 FY2019 $8,692.23 $17,791.85 $15,936.00 $15,977.48 $11,905.77 $18,255.86 $89,403.18 $100,794.38 $105,205.05 $122,892.45 $12,426.36 $5,097.57 YTD $8,692.23 $26,484.08 $42,420.08 $58,397.56 $70,303.33 $88,559.19 $177,962.37 $278,756.75 $383,961.80 $506,854.25 $519,280.61 $524,378.18 FY2020 $9,107.40 $23,176.76 $18,926.00 $18,538.79 $15,121.36 $16,682.78 $100,415.47 $111,589.79 $111,413.82 $68,226.73 $472.24 -$453.54 YTD $9,107.40 $32,284.16 $51,210.16 $69,748.95 $84,870.31 $101,553.09 $201,968.56 $313,558.35 $424,972.17 $493,198.90 $493,671.14 $493,217.60 FY2021 $8,171.37 $15,170.58 $12,836.91 $17,194.52 $14,423.38 $6,231.96 $55,290.11 $42,558.56 $84,760.20 $96,555.93 $10,267.66 $7,219.30 YTD $8,171.37 $23,341.95 $36,178.86 $53,373.38 $67,796.76 $74,028.72 $129,318.83 $171,877.39 $256,637.59 $353,193.52 $363,461.18 $370,680.48 FY2022 $18,245.95 $38,815.26 $26,765.37 $22,996.72 $22,728.29 $23,037.99 $110,392.10 $131,470.22 $148,781.28 $158,043.82 $17,101.43 $6,264.48 YTD $18,245.95 $57,061.21 $83,826.58 $106,823.30 $129,551.59 $152,589.58 $262,981.68 $394,451.90 $543,233.18 $701,277.00 $718,378.43 $724,642.91 FY2023 $17,714.27 $29,642.49 $26,135.01 $29,754.45 $25,300.02 $22,079.15 $117,615.32 $133,713.55 $136,996.72 $135,113.91 $24,434.95 $7,546.81 YTD $17,714.27 $47,356.76 $73,491.77 $103,246.22 $128,546.24 $150,625.39 $268,240.71 $401,954.26 $538,950.98 $674,064.89 $698,499.84 $706,046.65 FY2024 $15,690.29 $29,101.64 $25,637.57 $27,515.65 $20,581.13 $18,825.49 $101,428.16 $123,107.15 $142,151.41 $146,838.89 $11,996.85 $8,402.25 YTD $15,690.29 $44,791.93 $70,429.50 $97,945.15 $118,526.28 $137,351.77 $238,779.93 $361,887.08 $504,038.49 $650,877.38 $662,874.23 $671,276.48 FY2025 $18,348.58 $28,047.57 $25,091.73 $21,772.28 $19,834.62 $16,553.37 $95,534.29 $113,692.46 $131,370.42 $111,947.04 $33,128.35 $13,102.90 YTD $18,348.58 $46,396.15 $71,487.88 $93,260.16 $113,094.78 $129,648.15 $225,182.44 $338,874.90 $470,245.32 $582,192.36 $615,320.71 $628,423.61 FY2026 $15,930.14 $28,624.26 $25,051.26 $18,314.23 $15,848.10 $18,542.91 $100,370.45 $112,415.22 $137,365.33 $111,958.95 YTD $15,930.14 $44,554.40 $69,605.66 $87,919.89 $103,767.99 $122,310.90 $222,681.35 $335,096.57 $472,461.90 $584,420.85 $584,420.85 $584,420.85 Current month LT collections reflects money generated in the previous month. Aug FY2016 includes $15K late LT Sept 2016-Approx $3,261 is for Late Lodgers Tax Sept 2016 includes $10,172 in Late LT for FY2016 Lodger's Tax LODGERS' TAX Page 7 of 9  Lodger's Tax Working Budget 2025/2026 Revenues Collection To Date Projected Collections $650,000.00 $ 621,646.10 Beginning Balance $50,000.00 $ 133,365.77 Transfer from General Fund/Loan $200,000.00 $200,000.00 Total Revenues $900,000.00 $955,011.87 Expenditures VTSV - CC $300,000.00 $300,000.00 Special Projects $25,000.00 $0.00 Community Proposals: $22,000.00 $22,000.00 Field Ins. $0.00 Taos School of Music $6,000.00 Taos Opera $3,000.00 TSV Inc. Fireworks (New Years Eve) $8,000.00 Winter Wine Festival $5,000.00 VTSV Employee Shuttle $34,000.00 $34,000.00 Airport Shuttle $80,000.00 $80,000.00 Air Service: 25/26 Service $150,000.00 $150,000.00 Parks & Rec Requests $12,000.00 $12,000.00 Administrative Fee $45,000.00 $45,000.00 Transfer to General Fund/Repay Loan $200,000.00 $200,000.00 Legal Services $500.00 $500.00 Audit $5,500.00 $5,500.00 Total Expenditures $874,000.00 $849,000.00 Total Revenue $900,000.00 $955,011.87 Total Expenditure $874,000.00 $849,000.00 Ending Balance $26,000.00 $106,011.87 4/2/2025 5/6/2026 Page 8 of 9  Lodger's Tax Working Budget 2026/2027 Revenues Collection Projected Collections $650,000.00 Beginning Balance $106,013.95 Transfer from General Fund/Loan $0.00 Total Revenues $756,013.95 Expenditures VTSV - CC $275,000.00 Special Projects $0.00 Community Proposals: $35,000.00 Film Fest - Jonathan Slator $0.00 Field Ins. $3,000.00 Taos School of Music $6,000.00 Taos Opera $3,000.00 TSV Inc. Fireworks (New Years Eve) $8,000.00 Winter Wine Festival $5,000.00 $25,000.00 VTSV Employee Shuttle $34,000.00 Airport Shuttle $80,000.00 Air Service: 25/26 Service $150,000.00 Parks & Rec Requests $12,500.00 Administrative Fee $60,000.00 Transfer to General Fund/Repay Loan $0.00 Legal Services $500.00 Audit $7,000.00 Total Expenditures $654,000.00 Total Revenue $756,013.95 Total Expenditure $654,000.00 Ending Balance $102,013.95 5/6/2026 Page 9 of 9