TDC revenue lagging a tad behind

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

This trend to have the best months on record continued in the first two months of 2014, January was about 3 percent ahead of the year before, and February was about 7 percent ahead.

But in March, the bed tax receipts again dropped, this time by about 3.3 percent, falling below the $80,000 mark set in 2013.

In April, the bed tax receipts took a more than 10 percent nosedive, falling by more than $9,000 from the record $90,000 mark set in 2013. The April 2014 bed tax receipts were below those of April 2012.

Bed tax collections for the three biggest months of the year – May, June and July – comprise nearly half of the entire bed tax receipts for the entire year. In the last fiscal year, bed tax receipts were at about $978,000, only about $22,000 short of the $1 million mark.

With the exception of slight drops in the 2008-9 and 2009-10 fiscal years, TDC revenues have increased every year since the tax was put into place in 2005, beginning with about $698,000 in its first complete fiscal year of existence.

Franklin County’s tourism marketing efforts are currently funded through a 2 percent tourism tax collected from visitors by lodging providers countywide. Commissioners are preparing to place a proposal on the November ballot that would double the bed tax to 4 percent, and bring in more than $900,000 estimated additional revenue per year to TDC coffers.

How the year is going



1 2 3 4
Next

Reader comments posted to this article may be published in our print edition. All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.

COMMENTS
▲ Return to Top