And how does that fit into the TIF calculations for the operating revenues, is it possible we are being too optimistic?
From the Comptroller
The 2009 Room Tax numbers are in:
Reported 4th quarter taxes were $1,730,574, down about $210,000, or 10.85%, when compared to the same quarter of 2008. Total 2009 Room Tax collections of $7,516,154 were down $1,182,000, or 13.59%, for the year as a whole. This annual total was close to mid-year projections but $1,576,000 below the $9,092,000 originally budgeted for 2009.
Looking ahead, annual Room Tax revenues will need to increase by approximately 2% to meet the $7,661,000 level budgeted for calendar year 2010.
Also, here is the history of room tax since 1992.
