Home News COVID-19 Situation City’s GRT collections again exceed expectations

City’s GRT collections again exceed expectations

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The city of Roswell’s collections for gross receipts taxes continue to be higher than budgeted and its lodgers tax collections saw a slight increase, according to the latest reports for both that will be presented at this week’s Finance Committee meeting.

The Finance Committee will meet at 9 a.m. Thursday in the Roswell Convention Center. Due to the state’s health orders, the public is encouraged to participate electronically through GoToMeeting virtual meeting software.

From a computer, tablet or smartphone, the meeting can be joined at https://global.gotomeeting.com/join/822397005. On the phone, the meeting can be joined by calling 669-224-3412 and using access code 822-397-005.

The meeting can also be viewed live on the city’s YouTube channel.

In reports included in the agenda packet, the city’s GRT collections for October amounted to $2.9 million, about $912,000 higher than budgeted.

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The city lowered its budget projections for GRT due to the coronavirus pandemic, but actual figures have been higher than projected since March. For fiscal 2021 beginning in July, the city’s GRT collections are $4.2 million ahead of budget.

However, that’s almost 20% lower than year-to-date collections from last year, according to the report.

The lodger’s tax report shows that September’s collection is still far below previous years, but increased from the previous month despite Roswell hotels not reaching the maximum 75% occupancy allowed by the state during that time.

September’s collections were $77,386, up $5,600 from August’s report. Room night occupancy also increased to 42% from 34.5% in August.

Lodger’s tax collections year-to-date are about 58% of last year’s collections.

In addition to those reports, the committee will also discuss and consider approval of a lease for Ergon Asphalt and Emulsions.

Last month, the Roswell City Council voted 6-4 to delay a decision on a proposed sale of 13.4 acres at the Roswell Air Center to Ergon. The company leases the property at the RAC, but approached the city three years ago about buying the property with an eye on expanding its operations.

Several of the councilors who voted for the delay said they wanted City Manager Joe Need to determine if a long-term lease agreement could be offered instead.

Specific terms of the lease are not included in the agenda packet. The Legal Committee, in its Oct. 22 meeting, voted unanimously to advance the matter to the Finance Committee with a goal of having it on the full council’s Nov. 12 agenda. At the Legal Committee meeting, Neeb and City Attorney Parker Patterson said negotiations with Ergon were continuing.

Also on the Finance Committee’s agenda is consideration of adjustments for the fiscal 2021 budget that include $416,000 in revenue and $2 million in expenses.

City/RISD reporter Juno Ogle can be reached at 575-622-7710, ext. 205, or reporter04@rdrnews.com.

To keep up with local coverage of the coronavirus, go to rdrnews.com/category/news/covid-19-situation/.