Subscribe Register Login

Monday, September 22, 2014, 9:37 a.m.
Top Picks - Arkansas Daily Deal

Hot Springs ad tax yields $5 million for first time

By The Associated Press

This article was published January 21, 2013 at 1:27 p.m.

— A 3 percent tax on hotels rooms and restaurant meals in Hot Springs has generated $5 million for the first time in its 48-year history.

Revenue from December 2011 through November 2012 brought in $5.02 million. Even though that’s a record for the Hot Springs Advertising and Promotions Board, director Steve Arrison says he hoped for a stronger performance.

The Sentinel-Record reported that the single largest driver behind the tax is the live thoroughbred racing season at Oaklawn Park.

This year, the track had a strong opening day that was followed by a washout of two racing days due to heavy rain. The track reopened Thursday for the long holiday weekend, which brought sunny skies and mild temperatures.

Comments on: Hot Springs ad tax yields $5 million for first time

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

Search 970 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online