Sales tax revenues more than expected in Myrtle Beach
Wed, 28 Jul 2010 13:38:53 GMT —
There's a positive sign the Great Recession may be waning along the South Carolina coast.
The Sun News of Myrtle Beach reports that Myrtle Beach has collected more than expected in sales tax revenues during the past 10 months.
Since the city began collecting the 1 percent sales tax in August, Myrtle Beach has raised $14.2 million. Forecasters had projected the total would be only about $15 million for the entire year.
Officials expect the sales tax collection to be well over projections because the two months not reported are June and July, the busiest months for coastal tourism.
Myrtle Beach is using the money from the special sales tax to promote tourism.