August Bed Tax Numbers CRUSHED, Worse than July

Like igniting gun powder on an open wound, August’s bed tax collection numbers were a piercing pain in an open wound.  We talked about last month that July’s bed tax collection numbers were down 14.58% total, including the normal first three cents combined with the additional 4th and 5th cent.  As if that wasn’t bad enough, August’s numbers were just released and rang in at 14.74% down over August of 2009.  Remember, this number is a comparison of year over year and fails to take into consideration the potential for increase as a result of normal growth and the explosion we were expecting this summer with the opening of the new airport and millions of extra marketing dollars being pumped into this area.

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