Thursday, May 05, 2011

Tax Revenues Surge in Orlando, FL and CA

1. Orange County (where Orlando, FL is located) hotels generated the second-highest month of tax collections on record in March. 

2. California has $2 billion in unexpected tax revenue.

Thanks to Steve Bartin and Ben Cunningham. 

6 Comments:

At 5/05/2011 9:00 AM, Blogger juandos said...

No wonder tax collection is up in Florida...

From the Herald-Tribune dated Friday, April 22, 2011:

Governments raised property tax rates last year in 51 of the state's 67 counties and 169 out of 390 cities and towns, according to a Herald-Tribune analysis of new data from the Florida Department of Revenue.

In a large majority of cases, the counties and cities took in less tax revenues despite their rate hikes as Florida's still-struggling real estate market continued to diminish their tax bases
...

How come the L.A. Times doesn't offer even a guess where the 'alledged' $2-billion surge in taxes 'if' California's unemployment rate is as high as claimed?

 
At 5/05/2011 9:05 AM, Blogger Mark J. Perry said...

Clarification: Tax collections in Orlando (Orange County) were for the hotel tax.

 
At 5/05/2011 9:32 AM, Blogger juandos said...

O.K., now that makes a bit more sense for sure...

Considering Mexico's violence problems Florida makes good sense...

 
At 5/05/2011 12:31 PM, Blogger Eric H said...

From the article...

"Local properties logged an average occupancy rate of 80.6 percent in March, a 9.9 percent improvement on the same month last year,..."

So a 9.9% occupancy increase in Orlando area hotels resulted in a 16% tax revenue increase for the county. The hotel tax is a 6% tax (max. allowed by state law Juandos - so it is just the fact they couldn't go higher)How much did their prices increase over last year if the tax didn't?

More than 2.1%? Price Gouging! Send Obama to the rescue! End unfair hotel subsidies for state government!

 
At 5/05/2011 12:48 PM, Blogger Michael Hoff said...

Yay! More money for governments! Just what they need to keep doing so much good!

 
At 5/06/2011 4:15 PM, Blogger NormanB said...

Tax revenues surged in California? Sorry, it didn't happen.

The April 2011 reports shows that y-y change in monthly tax revenue was: Overall, +3.0%; Corporate +7.0%; Personal (0.5%). The 12m revenues ending in April 2011 vs the same on April 2010 were +5.8%.

This is not a surge. In fact the (0.5%) for personal taxes is depressing.

Maybe folks were fooled by the headline that Calif got an 'extra' $2B in April but that's from their estimate, always a low ball one in order not to scare the citizens and to have government look good.

We are still in a whole pile of dodo here in Calif and the government stinks.

 

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