The Las Vegas Convention and Visitors Authority board of directors on Tuesday got the first look at its $463.4 million 2023-24 fiscal year general fund budget.
That’s a 5.8 percent increase over the current fiscal year’s budget. Its fiscal year begins July 1 and ends June 30.
Chief Financial Officer Ed Finger said the LVCVA is projecting record revenue of $448 million, mostly from rising room taxes that are increasing as a result of rising visitation and increased room rates.
The board will conduct a public hearing and is expected to consider final approval in a special May 31 meeting.
That budget does not include a $352.4 million fund dedicated to the Las Vegas Convention Center’s $600 million multiyear renovation project.
