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GRT collections down from year ago but above budget

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The city of Roswell’s gross receipts tax distribution is about 14% behind this time last year, according to data that will be presented to the City Council Finance Committee at its meeting Thursday.

The meeting will be at 9 a.m. Thursday at the Roswell Convention Center, 912 N. Main St. Due to state health orders, the public is encouraged to attend electronically. The meeting will be livestreamed on the city’s YouTube channel. Those wanting to participate can do so through GoToMeeting virtual meeting software.

By computer, tablet or smartphone, the meeting can be joined at https://global.gotomeeting.com/join/822397005. To join by phone, call 669-224-3412 and use access code 822-397-005.

Information included in the agenda packet shows the city collected $2.8 million in GRT for March. The collections represent economic activity in January.

That $2.8 million is slightly higher than collections for the month in each of the last two years, by about $23,000 above 2020 and $254,000 over 2019.

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For the fiscal year to date, July to March, however, collections are down 13.9% from last year, or almost $3.7 million.

The city’s overall GRT collections are still above the city’s projections when it created the fiscal 2021 budget as the pandemic was just beginning, however. For March, the city budgeted collections of $2.6 million.

Overall, the city has collected $6.3 million more than budgeted. There has been only one month where GRT collections were below budget. In January, collections were about $13,000 lower than projected.

Lodgers’ tax and convention fees continue to also be lower than the same time last year. For February, the city collected $68,273 in lodgers’ tax, almost $16,000 less than in 2020. Convention center fees were at $42,169. That’s about $6,400 less than February 2020.

Both showed an increase from January’s collections, however. Lodgers’ tax increased by $4,700 while convention center fees increased by just over $2,000.

Room occupancy for February was 39.9%, an increase of more than four percentage points from January.

In addition to the tax reports, the Finance Committee will also hear a presentation on the UFO Festival plans and consider taking action on two resolutions. One resolution would amend the city’s budget to include $7,529 in revenue and $426,121 in expenses. The second would authorize the sale of surplus property.

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

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