Hot Springs ad tax reaches $5M for first time - KATV - Breaking News, Weather and Razorback Sports

Hot Springs ad tax reaches $5M for first time

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HOT SPRINGS (AP) - A 3% 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 reports 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 2 racing days due to heavy rain. The track reopened Thursday for the long holiday weekend, which brought sunny skies and mild temperatures.

 

Information from: The Sentinel-Record, http://www.hotsr.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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