Hotel Tax Revenue Numbers

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.

Additional Revenue

The Township also realized approximately $381,000 in building permit fees.