Commentary: Invest in Orange County’s tourism-driven economy to maintain our mainstay
I find it remarkable that the Orlando Sentinel Editorial Board published such a one-sided editorial regarding the current discussions by the Orange County Board of County Commissioners about future expenditures of its Tourist Development Tax (TDT) revenues. These discussions have been ongoing for several years, especially since the devastating drop in revenues caused by the onset of a global pandemic in 2020.
Editorial: Rushing into convention center deal won’t fix tourist-tax problems
We are fortunate that due to sound fiscal and managerial decisions that were made by Orange County, our tourism-based economy quickly rebounded, as did our TDT collections. In fact, we have seen historic high collections for the last year or better with over $300 million in annual collections. Even though we saw declines during the months of April, May, and June of this year, with the lowest month of collections occurring in June, the TDT still fell within the 12th-highest month of collections in the 40-year (480 months) history of collections. The good news is that Orange County continues to lead the state of Florida in TDT collections by a wide margin.