ROANOKE (WSLS) - More revenue money is coming into the Star City compared to the same period last year. During last Tuesday's city council meeting, Director of Finance Barbara Dameron presented a financial report highlighting the past nine months. Figures through the end of March show sales tax revenues were up 2.1% over the same period last year. Meal tax revenues were also on the rise. They grew 4.6% from the previous year according to Dameron.
"There is a greater consumer confidence right now," she said. The economy is starting to show signs of improvement and people are more comfortable letting go of their disposable income."
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Lodging tax revenues increased 5.7% over fiscal year 2015. Officials said real estate is not increasing as much as city leaders would like to see, particularly in single residence homes.