11/21/2023 0 Comments Sentinel tank force![]() ![]() Jane Healy, right, votes “yes” as Orange County Mayor Jerry Demings, middle, watches beside Tony Jenkins during a meeting of the Orange County Tourist Development Tax (TDT) Citizen Advisory Task Force at the Orange County Administration Building in Orlando on Monday, June 26, 2023. Task force evaluations of funding applications showed strong support for increased funding of the three organizations, who consider expansion of tourism a priority when weighing funding requests. The 6% tax, added to the cost of a hotel room, a home-sharing rental like Airbnb or other short-term lodging, soared over the last 15 months as pent-up demand for pandemic-delayed vacations boosted hotel-room occupancy rates and pushed average daily room rates as high as $232 in March. The May report is set to be released after the Independence Day holiday The county had about $321 million in TDT reserve funds at the end of April. ![]() Orange County Comptroller Phil Diamond said the county needs the tax to generate about $19 million a month to pay convention center debts and other existing obligations assigned to TDT funds. With seven months of receipts counted this fiscal year, TDT has pulled in about $227 million, an average of about $32.5 million a month, or $4.5 million a month better than last year, records show. The Tourist Development Tax, sometimes called TDT for short, raised a record $336 million in fiscal year 2021-22 and is on pace to exceed that figure in the current fiscal year, which ends Sept. ![]()
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