TDC revenue lagging a tad behind

Published: Thursday, July 17, 2014 at 02:55 PM.

After finishing off 2013 with a bang, and then slowing down in 2014, the Tourist Development Council bed tax revenues for the first half of the 2013-14 fiscal year are running a tiny bit below those of one year ago.

During the first four months of 2014, the county’s receipts of the 2 percent bed tax were about 2.8 percent behind that of the first four months of 2013. For the entire seven-month period of the fiscal year, which began in October 2013, revenues were a statistically insignificant $300, or 0.08 percent, below that of one year ago.

This pace was considerably slower than the last three months of 2013, when the fiscal year opened its first quarter by running nearly 6 percent ahead of the prior year.

While these seven fall and winter months are typically among the slowest for tourism, they do suggest that the county will have to post a banner summer season in order to hit the $1 million mark in fiscal year receipts for the first time since the 2 percent bed tax began in 2005.

The county opened the fiscal year in October at nearly 7.7 percent ahead of the year prior, receiving nearly $58,000 to best its best October on record.

But bed tax receipts took a tumble in November, falling by nearly 14 percent for the month, back to 2011 levels.

In December, traditionally the slowest month of the year, receipts posted a sharp rebound, rising from $21,500 to nearly $30,000, for a better than 38 percent increase.

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