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    Hot Springs ad tax reaches $5M for first time

    12:34 PM, Jan 21, 2013   |    comments
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    HOT SPRINGS, Ark. (AP) - A 3 percent 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 two racing days due to heavy rain. The track reopened Thursday for the long holiday weekend, which brought sunny skies and mild temperatures.

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 This material may not be published, broadcast, rewritten or redistributed.)

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