NC - Crystal Coast rakes in $2M in occupancy tax revenue in June, ending fiscal year at $11.5M
EMERALD ISLE — Carteret County’s June occupancy tax numbers are in, and they shattered the collection record for the month by more than $600,000.
Revenue from the 6% tax on rental accommodations totaled $2,186,741, up 38% over the June 2020 total of $1,582,344.
In his monthly report for the Carteret County Beach Commission meeting set for Monday, County Shore Protection Office Manager Greg Rudolph wrote the soaring total is significant for a couple more reasons.
“It represents the 13th consecutive month for which the monthly record has been eclipsed, from June 2020 through June 2021, and counting,” he wrote. “In addition, for the first time ever we have a second $2 million month.”
Previously, the only $2 million month was July 2020, at $2.41 million, which is the record for now, though the July 2021 numbers should be in soon.
The record-breaking $11.5 million fiscal 2020-21 year ended June 30, and that total smashed the fiscal 2019-20 total by “an astonishing 58%,”Mr. Rudolph wrote in his memo to the beach commission.
The 2021 total for January through June stands at $5.09 million, more than half of the $9.04 million for the calendar year 2020. Officials expect July 2021 to be record-breaking, plus a busy fall season. The total for calendar year 2019 was $7.52 million.