Overview Dollars and Sense Mythology Be A Tourist Giveaway
It takes a lot of cash to run a city Tourism lightens your load Tourism turns a profit
We must be competitive... ...and build on our successes
     
 
Graphic showing tourism revenues trickling down through the local economy.
Virginia Beach citizens currently have the lowest
real estate tax rate in the region.


Real estate tax rates per $100 of assessed value*Real estate tax rates graph
*These are for the fiscal year beginning July 1, 2009.
Photograph of a waiter carrying plates of food to patrons of a restuarant.

Tourism helps provide that cash for Virginia Beach.

The tourism and convention industry is one of our largest and most dependable economic engines. It pumps one and a half billion dollars into the City annually, continuously building our economy. Last year, tourism employed nearly 14,000 area residents and deposited $78.4 million in tax revenue into our City’s budget. City Council decides how to use that money – on things like helping educate our kids, building roads, fighting crime and collecting garbage. Watch that money move through our community.

Without tourism, more of the financial burden for running the City would fall on residents, in the form of higher real estate tax rates.

 

This message paid for by the Tourism Growth Investment Fund, money dedicated to
tourism-related projects derived mainly from Virginia Beach visitor spending.
Copyright © 2010 Virginia Beach CVB
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