The festival director of this year's Raggamuffin, Jackie Sanders, said she could not comment on the future of the festival as she was no longer in the role or employed by the promoter.
Ms Sanders had previously said the festival could be moved to Auckland because it was more economically viable.
It is unknown whether a new festival director has been appointed.
Rotorua District Council's events and venues general manager Peter McLeod said he could not comment until after today's meeting.
Raggamuffin has been held in Rotorua since 2008, bringing some of the world's biggest reggae acts, including Damian and Ziggy Marley, UB40 and Shaggy, to the city as well as attracting thousands of people and injecting more than $15 million into the local economy.
Some local Raggamuffin fans have taken to social media to keep the annual music festival here, with one page, called "Keep ragga muffin in rotorua", getting close to 3000 likes and hundreds of comments.