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Article: Eureka Springs revenue up by $7.6 million in 2002. (Tourism).
- Article from:
- Arkansas Business
- Article date:
- March 17, 2003
- Author:
CopyrightCOPYRIGHT 2003 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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2002 WAS A GOOD YEAR FOR the quirky tourist town of Eureka Springs, but nobody really knows why.
Between 2001 and 2002, the city's general 2 percent sales tax collections were up by $152,923 -- an 8.6 percent increase, the largest since 1993. That means an extra $7.6 million flowed into the Eureka Springs economy last year as compared with 2001.
But people in Eureka Springs have no idea how the city earned the extra money.
The city has another 2 percent sales tax, which applies only to restaurants, lodgings, gift shops and attractions. That tax, which pays for advertising and promotions, was up 4.3 percent last year -- but half of that increase ...