Fayetteville HMR taxes are up again for the 29th month in a row.
The latest report of the city’s hotel, motel and restaurant (HMR) tax revenues were presented Monday during the Fayetteville Advertising and Promotion Commission’s regular meeting.
According to the report, A&P tax collections for September were $275,663, a 6.2 percent increase over the same month in 2015.
Overall 2016 A&P tax revenues are at $2,411,942, for an 8.1 percent increase over the same time period last year.
September collections represent August sales which are delivered in October. The city collects a 2 percent tax on hotel/motel stays and prepared food sales. Half of the money goes to the city’s Parks and Recreation Department to pay for parks maintenance, operations and capital improvements. The other 1 percent goes to the Fayetteville Advertising & Promotion Commission.
Below is a chart showing both collections and month-to-month comparisons dating back to 2010.
