Olean Council Explores Bed Tax Revenue and Fourth Ambulance Funding

May 8, 2025 - 10:42

OLEAN — The Common Council is considering the establishment of a dedicated capital fund to manage revenues generated from the bed tax collected from the city's two hotels. This initiative aims to ensure that the funds are effectively allocated for community needs and improvements. The council members believe that a structured approach to handling these revenues will enhance transparency and accountability in financial management.

During the recent Finance Committee meeting, discussions also centered around the necessity of retaining a fourth ambulance for the city’s emergency services. The committee emphasized the importance of maintaining adequate emergency response capabilities to ensure the safety and well-being of residents.

As tourism continues to play a vital role in the local economy, the bed tax revenue is seen as a crucial resource. The council is committed to exploring various options to maximize the use of these funds, ultimately benefiting the community and enhancing public services.