The 4th quarter room occupancy and meals tax have been distributed by the DOR.
Room Occupancy $96,341
The fourth quarter payment is for the February , March and April room tax receipts. The 4th quarter deposit of $96,341 is a decrease of 27.2% over the $132,389 we received last year. Fiscal year 2014 total room occupancy tax receipts are $1,851,886 compared to $1,736,976 for FY 2013, an increase of 6.6%.
Year-to-date room occupancy taxes have been distributed as follows:
$648,160 Tourism Fund (35%)
$500,010 General Fund (27%)
$462,971 Capital Improvement Fund (25%)
$240,745 Wastewater Enterprise Fund (13%)
Meals Tax $36,805
The fourth quarter payment is for the February, March and April meals tax. The payment of $36,805 is a 34.5% increase over the $27,366 we received for the same quarter last year. Fiscal year 2014 total meals tax receipts are $526,037 compared to $511,706 for fiscal year 2013, an increase of 2.8%.