Occupancy tax collections in Cortland County are up and are on track to exceed last year’s amount.
Occupancy tax is the money that is paid when rooms at hotels, motels, or bed and breakfasts are rented. The tax is collected by the individual businesses and sent to the county. The money is supposed to be used to promote tourism and increase visitor stays in the county.
Last year, the county received $550 thousand dollars in room tax money, so far this year the county has collected over $404 thousand dollars with another quarter of collections to go.
In the third quarter, which runs from May to July, the county collected over $26 thousand dollars more than the same quarter last year.
The increase can be attributed to two factors; last year the new Holiday Inn Express on Locust Avenue was not open the entire year and of course the return of the New York Jets for summer training camp likely bolstered the third quarter increase.
SUNY Cortland is conducting a study to determine the impact the Jets Camp this year had on the local economy, that study should be completed in December.