The 4th quarter room occupancy and meals tax have now been listed on the DOR web site.
Room Occupancy $132,389
The fourth quarter payment is for February, March and April room tax receipts. The 4th quarter deposit of $132,389 is an increase of 37.6% over the $96,199 we received last year. Fiscal year 2013 total room occupancy tax receipts are $1,736,976 compared to $1,635,919 for FY 2012 or an increase of 6.2% which is excellent news.
For the year the room occupancy tax was distributed as follows:
$607,942 Tourism Fund (35%)
$468,983 General Fund (27%)
$434,244 Capital Improvement Fund (25%)
$255,807 Wastewater Enterprise Fund (13%)
Meals Tax $27,366
This payment is for the February, March and April meals tax. The payment of $27,366 is a 10.9% decrease over the $30,700 we received for the same quarter last year. Fiscal year 2013 meals tax receipts are $511,706 compared to $468,421 for fiscal year 2012 or an increase of 9.2%.