Tax revenue is up almost 4 percent for the year and is 2.3 percent higher than the same month last year.
November’s revenue was $311,809 – a record for the month – compared to $304,739 in fiscal year 2012.
Expenses were up slightly due in large to the fulfillment of a $150,000 commitment to the Elvis Presley Foundation.
Total assets held by the CVB currently exceed $3.2 million.
Also noted at the meeting:
• New conventions coming to Tupelo this spring should account for several hundred additional visitors. Groups include Great Day Tours of Cleveland, Ohio; Mississippi Thespian Association Conference; Mississippi Lions Club State Convention; and the Mississippi Archeological Society.
• Don Shumacher, executive director of the National Association of Sports Commissions with do a facility study in Tupelo to assess the city’s strengths and weaknesses in attracting sporting events.
• Hotel developer Bruce Patel was recognized for his service to the CVB. His term on the board ended. Cindy Murphy from the Holiday Inn Express joined the CVB board in his place.