Tax revenues trending up
Charlottesville’s consumer tax revenues continue to grow. The city’s meals tax alone brought in more than $12.2 million last year — up 3.66% from the year before. Sales tax dollars have also increased by 2.21%, approaching $11.9 million.
Lodging tax revenue, at $5.7 million, shot up by almost 10% in a year in which the city saw 400 new hotel rooms come online.
“A year or two ago, we had an influx of hotel space,” says Chris Engel, Charlottesville’s economic development director. “Now we’re moving out of the hotel phase to a more focused commercial space phase.”