After two consecutive sets of reports showing month-over-month increases in the Sarasota County Tourist Development Tax revenue, the latest data released by Sarasota County Tax Collector Mike Moran say June collections came in $24,032.01 less than the June 2024 funds.
Altogether, the revenue for this June added up to $3,708,305.12, which was approximately 0.6% less than the June 2024 total of $3,732,337.13.
With three months of collections left this fiscal year, the total Tourist Development Tax (TDT) revenue stood at $39,036,063.55, which is down by $1,316,993.71, compared to the figure representing the funds that the Tax Collector’s Office took in from Oct. 1, 2023 through June 2024.
The initial reports released for June 2024 put the total revenue at that time at $40,291,145.79. The figure for the collections through June of this year is about 3.1% lower than that amount.
The 6% tax is charged on accommodations rented for six months or less time.. The revenue is used for beach maintenance, the two Major League Baseball Spring Training stadiums in the county and promotion of tourism.
Airbnb hosts had contributed $5,468,007.31 in TDT revenue through June of this year. That is about 5.3% lower than the $5,773,181.04 in June 2024.
