ORLANDO, FLORIDA -- County Comptroller Martha Haynie (top right photo) announced that resort tax collections received by the County in March for the hotel collection month of February 2009 were $11,849,700.
Resort taxes are charged on short-term rentals, mostly hotels and motels.
Comptroller Haynie noted that February 2009 collections were 29 percent lower than February 2008.
“There is no way to put a positive spin on these numbers, Haynie says.
"They reflect the continuing economic slump, and underscore the stress being felt by families here and across the country.
" The County’s TDT cash reserves are in place to protect our bondholders and the convention center itself, but it may be even longer than expected before there is any extra revenue available for newer projects."
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