Osceola County sees another dip in tourist tax funds
Following a record-breaking year, Osceola County’s tourism development tax funds have slowed in recent months, a trend that is expected to continue.
TDT funds were 5% below the previous year in November, at $6.1 million, and down 4% year-over-year in December, to $7.1 million.
Despite the dip in funds, collections are still on the second-highest pace in the county’s history as it closes its first quarter, according to Experience Kissimmee, the county’s tourism authority. The county’s current fiscal year began in October.
“We anticipate that for the rest of the year there… will be a slight softening compared to the collections of last year but we have to remember that was a record high,” said Frida Bahja, Director of Research for Experience Kissimmee.
Bahja said the dip in tourist tax revenues is also being seen in neighboring Orange County.
The TDT decrease is indicative of a softening of the tourist economy but Bahja said she can’t pinpoint the reason.
“We see the slowing economy overall for the U.S…. so it’s just a reflection of the economy overall,” Bahja said.