Thursday, February 9, 2017

Zika pushes Miami-Dade hotel taxes into worst slump since Great Recession stat : Miami Herald

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Zika pushes Miami-Dade hotel taxes into worst slump since Great Recession
Hotel taxes in December fell from the amount generated the previous year — the fourth month in a row that happened. MIAMI — Hotel tax revenue in Miami-Dade County has dropped at a rate not seen since the Great Recession, a decline some attribute to tourists afraid of the Zika virus. In recent boom years the county has used hotel tax reserves to fill holes in the budget, which could complicate things in 2017. Stuart Blumburg, a retired head of a county hotel association, says officials should be concerned. Hotel taxes are used to fund museums, theaters and the $300 million debt incurred by the Miami Marlins baseball park.

Zika fears erode Miami-Dade hotel tax income
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collected by :Lucy William
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