A deep, nerdy dive into the City's Hospitality Tax

When we here in local government are looking for an indicator of how the economy in Spartanburg is doing, one of the first metrics we turn to is Hospitality Tax. The two percent tax paid on prepared food and beverages is an excellent barometer for consumer spending in our city and the growth seen in H-Tax revenue over the past several years has corresponded well with what is anecdotally pretty clear to anyone paying attention; our city's business community is strong and growing. Beyond what it can tell us about the local economy though, H-Tax is an important portion of the City's revenue each year, and unlike most other sources of local government revenue, the H-Tax must be spent in a fairly proscribed manner. Today on the podcast, we're diving in deep to give you the lowdown on how the City uses these funds and how that next meal you have at a local restaurant helps pay for amenities and events enjoyed by thousands of visitors and locals every year. Listen below for more.