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Finance staff projects ~$7.36M in accommodations tax for FY26; committee told to expect $5.87M available for tourism uses
Summary
Pam Hill of Horry County Finance reported FY25 collections about 3% above last year and presented a conservative FY26 accommodations tax estimate of $7,360,000. After required set-asides and one-time funds, she said roughly $5,872,653 would be available to allocate.
Pam Hill of the Horry County Finance Department briefed the committee on current receipts and projections for the state accommodations tax.
Hill said actual state tax revenue is trending about 3% higher than last year and that the county projects FY26 accommodations tax receipts at $7,360,000. Using the county's conservative budgeting approach, she estimated 65% of the balance would flow to the special tourism fund (about $4.9 million) and noted one-time funds of roughly $972,030, for a total available pool of approximately $5,872,653. Hill also said the county received 30 applications requesting about $7.87 million in funding.
Committee members asked clarifying questions about the administrative committee column in the funding packet and about how one-time funds will be shown in future summaries. Hill said staff can separate one-time requests into a distinct column for the second meeting.
