Tourism revenues grow in April

By Carlie Kollath / NEMS Daily Journal

TUPELO – The city’s tourism tax revenues grew for a third consecutive month, a city official reported Monday.
At the monthly board meeting of the Tupelo Convention and Visitors Bureau, Tupelo City Clerk Kim Hanna said revenues grew 1.2 percent in April compared with April 2009. For the month, tourism tax revenues were $268,092.
The revenues come from a 2 percent sales tax on hotels, motels and restaurants in Tupelo. The CVB records the money when it is received from the state, not during the sales month. The April revenue was received in June, the ninth month of the fiscal year.
The growth in April follows an increase in March of 7.54 percent and in February of 4.4 percent. The monthly change percentage has been positive for six of the nine months completed in the current fiscal year.
For the year so far, the CVB has received sales tax revenues of $2,371,334, up 0.49 percent from the previous fiscal year.
The CVB ended the month with a total fund balance of $2.1 million.
The Monday board meeting was the first one chaired by Neal McCoy, the new executive director of the CVB. He also is the CVB’s chairman of the board. He replaced Linda Johnson, who retired June 30.
The board also welcomed a new member Monday. David Steele, with Old Venice and Varsity Grille, is the newest appointee from the Tupelo Restaurant Association. He replaced Robin Walton, who sold her ownership stake in Yummy Yogurt.
The board had planned to vote Monday on its fiscal 2011 budget, but McCoy said the vote will wait until the city makes a decision about salaries for its employees.
Contact Carlie Kollath at (662) 678-1598 or carlie.kollath@djournal.com.