Tupelo tourism revenues climb

TUPELO – The city’s tourism tax revenues grew almost 13 percent in February.
According to figures released at this week’s board meeting of the Tupelo Convention and Visitors Bureau, tourism sales tax revenues in February were $301,697, an increase of nearly 13 percent from February 2010.
In the prior year, revenues for the month were $267,099.
The revenue comes from a special 2 percent tax on hotels, motels and restaurants in Tupelo. In fiscal year 2010, the city collected $3.2 million in tourism tax revenues.
The Tupelo Furniture Market’s Spring Market was one of the events held during the month.
February’s growth came after a 1.77 percent dip in January.
For the fiscal year so far, tourism tax revenues are up 3 percent from FY2009. Collections so far total $1,882,350.
In addition, the Tupelo CVB has $2,274,245 in its savings fund, as of April 30. Year-to-date revenues are $193,641 over expenditures.

Contact Carlie Kollath at (662) 678-1598 or carlie.kollath@journalinc.com.

Carlie Kollath/NEMS Daily Journal