Town of Mammoth Lakes Investment of TOT Revenues
June 15, 2023
Since FY17-18 the Town of Mammoth Lakes has invested over $50 Million in unallocated TOT (Transient Occupancy Tax) revenues to support the Mammoth Lakes Community. The following review focuses on larger items and does not include Town or partner-related personnel costs and ongoing operations or several smaller items. The information provided here is only for the use of TOT funds and does not include grants, non-general fund revenue, or other funding sources. The funds have either been expended or are being held for the purposes noted. A brief overview of the types of projects/programs/services funded is provided but are not exhaustive. The investment of revenue is broken down into three major categories:
Housing Now! Initiatives
Infrastructure/Equipment/Facilities
Community Investment
***Subject to revision – prepared 6-12-23 – Overview of TOT Investments FY-17-18 – FY22-23 – Not inclusive of all minor uses or personnel costs of Town & partners. Includes only Gen. Fund Allocation of unallocated TOT Revenues as noted.
Investment of TOT Revenues
Housing Now! Initiatives
Parcel Phase 1 = 81 Units under construction; Phase 2 = 148 Units, Funding Application in for Phase 2.2 – 76 Units.
MLH Partnership = 16 Units under construction/remodel; 11 Unit Project – pending funding
Bridge Program = 6 Units purchased, 5 sold to “Missing Middle” Households; 1 to market summer 2023
Town Employee Housing = 4 studios; 1 two-bedroom and 1, one-bedroom.
Infrastructure/Equipment/Facilities
Community Investment
Expanded childcare at Parcel – $250,000
New Childcare Facility on MLF Property $1,950,000
Emergency Road Work: $570,000
Emergency Infrastructure Work $480,000
Increased snow removal contracts $400,000
Emergency Housing Funding $100,000 (MLH)
Emergency shoveling and snow removal 200,000 (MMCF)
COVID – Business Assistance $875,000
Grants for Housing Rental Assistance $580,000
Community Emergency Shelter/Food - $295,000
Community COVID Supplies – 250,000
MLF and Various Facilities/Parks/PW/Vehicles/Equipment
***Subject to revision – prepared 6-12-23 – Overview of TOT Investments FY-17-18 – FY22-23 – Not inclusive of all minor uses or personnel costs of Town & partners. Includes only Gen. Fund Allocation of unallocated TOT Revenues as noted.
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