TOWN OF PROVINCETOWN

Local Room Occupancy Excise Tax - Total Receipts by Quarter

Actual

% increase 2.27% 10.55% 8.78% 88.26% 4.86% 7.79% 6.44% -4.92% 3.50% 1.48%

Distribution of Local Room Tax Receipts

Actual

Assumptions:

Quarterly payments are projected to increase by 0% over prior year Room tax rate increased from 2.3% to 4.0% on January 1, 1999. Tourism Fund receives 45% of total room tax revenues as of July 1, 1998

per Chapter 178 of the Acts of 1996.

Wastewater Enterprise Fund receives 19.125% of total room tax revenues beginning with June 1999 quarterly payment,

per Chapter 391 of the Acts of 1998.