Getting an event funded through Texas’ Trust Fund statutes involves several steps, and we can help your community with all of them.
To start, you must estimate how your event affects the “incremental increase” in certain state and local tax revenues. This requires an experienced understanding of the direct expenditures by fans, event participants, event sponsors, media and others involved in the event. But simple economic impact analysis isn’t enough. You need to be able to translate expected economic gains into the tax gains allowed under the Texas statutes that flow into the trust funds.
After actually administering these trust fund statutes, our key staff are uniquely qualified to help your community maximize the support of your event. In both academic credentials and Trust Fund experience, our qualifications are simply unsurpassed.
Since the Texas Trust Funds are all administered on a reimbursement basis, you also need to plan for getting expenses approved by the Texas Comptroller after the event. Again, we can help. Our consultants have successfully created the joinder agreements called for in law as well as the expense tracking systems to ensure a smooth reimbursement process.
And we have the experience necessary to coordinate these efforts with organizing committees, municipal and county sponsors and the Comptroller's office. We’d be glad to talk to you about your event and our no-risk performance contract option.
Questions? Contact us.