Carteret County Occupancy Tax Revenue for FY2020-21 Expected to Exceed $ 10 Million | New
EMERALD ISLAND – When the Carteret County occupancy tax revenue figures arrive for June, the total for fiscal year 2020-21 “will crush $ 10 million,” the director of the county’s shoreline protection office said on Monday, Greg Rudolph.
Speaking at a County Beach Commission session in the Emerald Isle Board of Commissioners meeting room and virtually via Zoom, Mr Rudolph said 2020-2021 will be the first fiscal year in which collections will surpass this monumental mark.
This is the result, he said, of a “spectacular 190% increase” in income for the first five months of calendar year 2021, compared to the first five months of 2020, leaving the cumulative total of $ 9.3 million at the end of May. The fiscal years run from July 1 to June 30.
For comparison, total occupancy tax revenue for the 2019-20 fiscal year was $ 7.27 million, Rudolph told the commission.
Half of the county’s 6% tax on lodging goes to the Crystal Coast Tourism Development Authority for promotional efforts, while the other half goes to the County Beach Food Fund, which amounted to $ 10 million at the end of May, despite the county donating millions. in the past 18 months for two major restoration projects.
âWe’re probably going to be north of $ 20 million (in this fund) by the end of the summer,â Mr. Rudolph said. âIt’s amazing, when you consider that we have added 6 million cubic meters of sandâ to Bogue Banks since Hurricane Florence in September 2018.
Beach commission member Woody Warren of Emerald Isle, co-owner of Bluewater Realty, said based on advance bookings it is clear that tours this summer will end in August. And, he said, “in the fall it looks great too.”
The record rise in occupancy tax revenue could be slightly influenced by new properties coming online, Warren said, but others have been taken off the books in recent months. Because many beach visitors book months in advance, he added, authorities should be able to make projections to 2022 as early as September or October.
Beach commission member Larry Baldwin of Pine Knoll Shores said it was clear that during the coronavirus pandemic, which began to affect the area in March 2020, many people continued to come here, many ‘between them deciding to overcome the pandemic at the beach while working remotely.
The surge in tourism began last July and set a monthly record of $ 2.41 million in occupancy tax revenue. Since then, each month has broken the record of respective monthly collections. Tourism officials and others are widely predicting that when the June figures arrive, they will set another monthly record, and July’s collections should perhaps set another all-time high, any month.
Contact Brad Rich at 252-864-1532; send an e-mail to [email protected]; or follow us on Twitter @brichccnt.