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Comptroller flags corporate replacement tax and hotel tax declines; Airbnb collections unclear
Summary
The city's comptroller told the budget committee that corporate replacement tax receipts are well below expectations (about $400,000 short to date) and that a major downtown hotel's revenue drop has halved hotel‑tax collections; officials said tracking short‑term rentals remains a challenge.
Comptroller Rogers told the budget committee that corporate replacement taxes and some local use tax amounts are significantly lower than budgeted, leaving an estimated shortfall of roughly $400,000 to date.
"We budgeted quite a bit lower than we had the year before, but it ended up being even less than what we were expecting," Rogers said, noting that some of the shortfall was partially offset by stronger state…
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