Columbia allocates $7 million in hospitality tax revenue
Columbia has distributed nearly $7 million in hospitality tax revenue to local nonprofits, which is crucial for their operations. This funding supports various events that promote tourism, such as the Jam Room Music Festival and SC Pride. While some organizations have seen funding grow, others face uncertainty as grants are not guaranteed. Nonprofits must cover costs upfront and provide detailed documentation for reimbursement, which can complicate budgeting and planning. The H-Tax committee, composed of city council members and hospitality industry representatives, reviews funding applications. The amount awarded can vary yearly based on available funds and event attendance, making financial planning challenging for nonprofits.