We just received the Hotel Tax revenue numbers from our CFO.
Hotel Occupancy Tax
The 2019 hotel tax revenue (excluding December) is $830,425.44.
This amount represents an approximately 29.4% increase over the final 2018 number of $641,689.32. And will rise when December numbers are added into the mix.
Property Tax Increase
The prior parking lot in this space brought in a mere $18,819 in yearly tax revenue and is projected to grow to $1,600,000 in 2019.
The Township also realized approximately $381,000 in building permit fees.