Transient occupancy taxes (TOT) can provide tens, and even hundreds, of millions in revenue for some cities in the state. While the TOT remains an important source of revenue for local governments and often bolsters economic and community development projects, municipal leaders need to monitor and review this critical local revenue source.
For the past six years, Karo Aydindzhyan served as a tax auditor for the City of Los Angeles, and was deeply entrenched in how much the City collected tax revenue from. That experience and knowledge is being used to help municipalities across California as Karo recently made the jump from the City of Los Angeles to MuniServices, one of the nation’s leading providers of municipal revenue enhancements.
Healthy profit margins are essential to the success of all businesses. Even non-profits and municipalities have a vested interest in protecting essential revenues. For more than 30 years, MuniServices, one of the nation’s leaders in maximizing municipal revenues, has helped client jurisdictions work with local utility providers to ensure the accuracy of utility user tax (UUT) revenues they receive.