Seattle Braces for Big Drop in Tourism as Sales Tax Revenue Stays Flat
(The Center Square) – Seattle is expected to see a 27% drop in international overnight visitors this year, with generated sales tax revenue remaining flat. The Seattle Office of Economic and Revenue Forecast anticipates sales tax revenue to total $344.7 million in 2025, a 1.26% increase year-over-year from $340.4 million in 2024. The small bump in revenue comes as the city is set to address a $143 million budget deficit.
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Show Notes
(The Center Square) – Seattle is expected to see a 27% drop in international overnight visitors this year, with generated sales tax revenue remaining flat. The Seattle Office of Economic and Revenue Forecast anticipates sales tax revenue to total $344.7 million in 2025, a 1.26% increase year-over-year from $340.4 million in 2024. The small bump in revenue comes as the city is set to address a $143 million budget deficit.
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Read more: https://www.thecentersquare.com/washington/article_07b3cfa1-c23a-4bb4-b354-69874c7df993.html
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