Archived Story

Revenue down 3 years straight

Published 9:39pm Monday, October 22, 2012

Revenue from Washington’s occupancy tax declined from fiscal year 2009-2010 to fiscal year 2010-2011 by about $5,000, according to a report released recently by the N.C. Department of Commerce.
A member of the Washington Tourism Development Authority believes the decline is related to a sluggish economy.
The city’s 6-percent occupancy tax generated $239,560 in gross revenue in the 2010-2011 fiscal year, with $232,373 going to the Washington Tourism Development Authority and $7,187 going to the city for providing administrative services to the authority.
In fiscal year 2009-2010, Washington’s occupancy tax generated $244,628 in gross revenue, with $237,295 going to the authority and $7,333 going to the city for administrative purposes. In fiscal year 2008-2009, the city’s occupancy tax generated $255,280 in gross revenue. Of that, the city retained $7,658 for administrative charges while the balance of $247,622 went to the WTDA.
For every $100 spent on lodging such as hotel and motel rooms, the city collects $6 in taxes.
State law dictates that occupancy tax revenues be used on programs intended to bring more people for overnight stays to areas served by agencies like the WTDA. Washington retains 3 percent of the occupancy-tax revenue for WTDA administration while the WTDA receives the balance.
Across the state, municipalities took in $26.4 million in gross revenue from their occupancy taxes, which vary in percentage charged, during the 2010-2011 fiscal year. In the previous fiscal year, they took in $25 million. During the 2010-2011 fiscal year, coun–

Editor's Picks

All politics is local

Although there is no presidential election, gubernatorial or state legislature elections this year, it is important that voters in the municipal elections this fall go ... Read more